Jeff Immelt going bye bye.....
President Obama jobs czar who loved getting rid of lots and lots of US workers (watch the video) is now being pushed out the door because his ill advised plans never led to a better future.
Immelt oversaw the shedding of many divisions that were part of the company when he joined, including the NBC television network and much of the assets of GE Capital, a financial services business that was once the largest part of the company.
stock has struggled in recent years, falling more than 10% so far this year as markets overall reached record levels.
(THE REST OF THE STOCK MARKET IS BREAKING RECORDS AND GE STOCK IS STRUGGLING. NICE JOB JEFF.....YOU MUST BE PROUD.)
The stock was up 4% in premarket trading after the announcement about Immelt.
(JUST THE THOUGHT OF JEFF IMMELT GOING OUT THE EXIT DOOR MAKES THE MARKETS GIDDY. GET OUT!)