Reuters - Video

Edition: U.S. | U.K. | IN | CN | JP

Breakingviews

Breakingviews: What is GE's succession plan?

Thursday, May 30, 2013 - 03:16

May 30 - Antony Currie and Breakingviews columnists discuss the potential retirement of GE Capital boss Mike Neal and what it means for the conglomerate's overall boss.

▲ Hide Transcript

View Transcript

-- sounds like one of the longest serving US finest executives is about to resign the CEO of chief financial. IG capital unit Mike Neal hunter. Is that he's leaving here in this threw everything exactly he -- clearly. And I think again he's that he had seen this -- at -- at a time when executives are to think about retire. An off I mean frankly she capital have come a long way. That's -- As -- -- this causes it 5600 billion Italy you know on assets and it was a -- Schultz and then he got a lot of trouble exact and he wanted to get a good thing about these days 2006. Let's go back like you ru -- we're back is that all the people's lives for it yet here you go back you know the wings rolled return to the 2006. You know it was going gangbusters. This is going to be a big big business that may have been a big business for years. That was before everything you know women are birds and after that you had this awful many many years of having them. Basically keep the -- float me. If this had not been connected to an industrial companies that you would alum who yet is probably needed a bailout from the government uneven start estonians like right back and now they're. You think about what's what's the -- and now does that mean they're trying to reduce the size balance -- steadily as you nicely on the site consumer finance business and it's on -- -- -- you know it's now stabilized. You reach in sixty my guess is and it's not the most exciting job in the world that has his what is it. I was is that you know what is it raised for success generally side like -- and it I think it just raises the question again and has also ban. There's. 20012001. He also. You know -- this whole wave of our -- Again and you look at Ortiz now and then where I don't think it's realistic for them hammered back into action policy and you know it's not that he's that he's as those got the -- yeah. That's like I think it up -- exactly but it feels -- if anything. You -- -- -- that it's you know so will there aren't there right now based on yours and -- -- the average CEOs and like three. Three this year is successful science and yet he. He's been there for a long time again GE is probably doubled in size of revenues over those years it's become far more global. It's an idea for sizing and troubled. Ultimately an empathetic energy in the revenue gross errors and job crisis and the guy -- sort of. How did you think it's -- dad and he's kind of in this in this position he's overseeing -- -- he's fine and -- -- -- Harry and like Hong Kong based on and you know timing and you know for any company right now. You're gonna make yours up here actually generating some. Interest in so. So we we started out and deal and now we're talking about animals next is success. -- -- Based I think at least has to three weeks -- probably don't worry about it it be nice if the board you start to think about it right now. Each time say well thanks that -- and it would back it will breaking news story.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Breakingviews: What is GE's succession plan?

Thursday, May 30, 2013 - 03:16