Far From GE’s Collapse, Jeff Immelt Is Wheeling and Dealing Again (I hear they got an opening in Whitey Buglers old cell for Jeff)
While General Electric Co. was in meltdown mode this week, the former CEO that many blame for creating the mess was out there wheeling and dealing.
Just seven months after Jeff Immelt resigned from GE’s top job, he was named chairman of Athenahealth Inc., a provider of digital services for doctors, located a few miles from the industrial giant’s Boston headquarters. In June, he was elevated to executive chairman after the CEO stepped down. And on Monday, Athenahealth said it would sell itself for $5.7 billion in a deal Immelt helped broker.
“Outsiders think this is like baseball and that if you have struck out a few times, you’re not allowed to play -- but that’s not true” said Jeffrey Cunningham, who’s been a corporate executive and served on several boards. “It’s perfectly acceptable that he’s starting a second act.”