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Wednesday, 30 July 2014

GE's Immelt sets powerful stage for his successor

Jeff’s legacy

He’s not leaving any time soon. But the $13.5 bln Alstom asset purchase puts him on track to ensure industrial earnings account for 75 pct of the business in five years’ time. And though it will take precise execution, the deal even promises a return above GE’s cost of capital.



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