Flat revenues disappoint GE
- From: Vol 7, Issue 9 (September 2006)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: General Electric (GE)
GE Water has some way to go before it justifies its price. With a new man in charge of the infrastructure division, is it time for a new direction?
GE chief executive Jeff Immelt has conceded that the company’s $4 billion investment in water has disappointed. The admission comes as David Calhoun, the vice chairman of the $47 billion-a-year GE Infrastructure division, leaves the company to join Dutch business media group VNU.
Speaking to the Wall Street Journal, Immelt asked: “Are we happy with all of the performance ...
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