COMMENT: Editorial - Next CEO of GE in no-win situation
Everyone agrees (Big Pitch, PRWeek, Nov. 15) that the retirement of
Jack Welch was flawlessly introduced. First the announcement was well in
advance: 18 months, we are told. Second, his successor will come from
inside GE. There is something comforting about a company that grooms its
own. While every change of CEO is a leap in the dark as far as Wall
Street is concerned, if a company promotes from within, it’s like
there’s a night light on.