Shaking up GE

GE has had a tough year.  Or two.  So it’s making major changes in the Board.

“Embattled GE Reshapes Board,” The Wall Street Journal, February 27, 2018 B1. Several directors removed after stock dropped 45% in 2017.  Eight directors retiring.

This this a reaction of their failure to govern?  Or just a reaction to bad results?  Will the new board act differently?  Are the shareholders better protected?  Or there cultural problems to be addressed, so the CEO doesn’t fly two jets?

 

Advertisements

Leave a comment

Filed under Board, Corporation, Directors, Duty, Oversight, Shareholders, Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s