Grading GE CEO Jeff Immelt: The Verdict Isn't Good

Grading GE's CEO: The Verdict Isn't Good

When the business world woke up on Jan. 21 and heard about the White House's overnight announcement -- that General Electric CEO Jeffrey Immelt would become chief of the Council on Jobs and Competitiveness -- the buzz quickly focused on just one question: Was he leaving GE? Was the long-standing speculation that he was seeking a way out -- a "graceful exit," as a blogger had put it -- proving true? No, was the answer. But the fact that everyone asked the same question that morning is a message, the world's grim verdict on Immelt's tenure so far: not good.

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