GE's Immelt sets powerful stage for his successor
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.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.