GE Reputation ‘tarnished’ Concedes CEO Immelt

Posted on March 3, 2009
Filed Under Uncategorized |

But he argued that the 130-year-old company, which he said has weathered nine recessions as well as the Great Depression, would use the current economic downturn to remake itself, with a sharper focus on its infrastructure businesses.

[From UPDATE 4-GE reputation 'tarnished' concedes CEO Immelt - Forbes.com]

I wonder how many executives at Bear Stearns and Lehman Brothers put forward the same argument?

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