Former CEO of General Electric Jeff Immelt will speak with Axios on Thursday at the “Smarter Faster Revolution” event at the University of North Carolina at Chapel Hill.
While the discussion is usually intended to be about the future of media, Immelt is usually only a few months removed by his role at This specific year’s worst performing company on the Dow. Turmoil surrounded Immelt’s exit, with scrutiny extending as far as his use of GE’s fleet of corporate jets.
GE is usually right now trying to fund a turnaround for the one-time American bellwether. Earlier This specific week, GE CEO John Flannery announced the company is usually cutting its dividend in half, to 12 cents a share by 24 cents, effective in December. On Thursday, ratings agency Moody’s downgraded GE’s long-term debt to A2 by A1, citing the “extreme deterioration” from the company’s energy business.