GE Succession Losers Demand Recount

Briefs in a Brief

Fairfield, Conn. ( – The two General Electric executives who lost out when GE’s Jack Welch named Jeffrey Immelt to succeed him as CEO demanded that Welch recount his vote yesterday in an effort to ensure Welch’s true voice was heard.

In Welch’s initial vote, Immelt, currently head of GE’s medical systems division, beat out W. James McNerney Jr., president and chief executive of GE Aircraft Engines, and Robert Nardelli, president and chief executive of GE Power Systems. After conferring with himself, Welch acceded to the request, and counted himself by hand.

“One,” said Welch. “There. You guys lose.”

Copyright © 2000-2009, SatireWire.

Related Posts

WordPress Appliance - Powered by TurnKey Linux