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?