5 CEOs that Truly Deserve to be Fired

Jeffrey Immelt, General Electric

Jeffrey has turned out as dozy CEO among all in GE. The company saw a rapid growth in revenue, profits and valuation under Jack Welch as GE’s stock reached $60 in 2000 but since Immelt took the job, the value has gone nowhere but down.

There was a time when GE was known for entering and changing markets, unafraid to disrupt how the market performed with innovation in products, supply chain and operations.  There was no market too distant for GE to not find a way to change to its advantage and profit.  But GE fell to a low of $8 in 2009 as the financial crisis exposed that under Immelt GE had largely changed from a manufacturing and products company into a financial house. Though saved from bankruptcy by a lucrative Berkshire Hathaway, its stock is still only $19, down 2/3 from when Immelt took the CEO position.