The New York Times has published an article about GE and Immelt's CEO-ship:
http://www.nytimes.com/2007/07/22/busin ... gewanted=1
(You probably have to register with the Times to get access, but this seems to be harmless.)
It's a business-pages article. GE is big and profitable, but in today's economy nobody's job is safe, not even Immelt's. For someone interested in locomotives, the most interesting thing about the article is how LITTLE it says about the locomotive business: two mentions in a three-page article. Basically, locomotives are part of the heavy industrial capital goods section of GE's business that is currently doing very well. Stock market analysts like that: such products have high profit margins, and tend to produce lucrative long-term maintenance contracts.
http://www.nytimes.com/2007/07/22/busin ... gewanted=1
(You probably have to register with the Times to get access, but this seems to be harmless.)
It's a business-pages article. GE is big and profitable, but in today's economy nobody's job is safe, not even Immelt's. For someone interested in locomotives, the most interesting thing about the article is how LITTLE it says about the locomotive business: two mentions in a three-page article. Basically, locomotives are part of the heavy industrial capital goods section of GE's business that is currently doing very well. Stock market analysts like that: such products have high profit margins, and tend to produce lucrative long-term maintenance contracts.