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GE's Jeff Immelt bounced a check: can we trust him as CEO?

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GE's CEO, Jeff Immelt, just bounced a $2,000 check he gave to a fundraiser, and the story is getting passed around various websites and newspapers. It has got to be tough to be a star, politician, or high-profile CEO where every stupid little thing you do is pounced upon by those who follow you around analyzing your every single move.

In this NY Times article about Jeff's little oops, it is pointed out that many wealthy people don't pay attention to the little details that regular people do. Like making sure your account is current or has enough money to pass a check. While the article is written in joking fashion, it does evoke a response in me. Though I do sympathize with Jeff's awkward position, being under the public scrutiny of the press and shareholders, it's the little things that always trip the big people and the big companies up. It's that little invention that changes things from the ground up. It's the suggestion by the guy on the line. It's an attention to detail that is important.

Can we really trust in a CEO that doesn't understand his own financial position to a point that he bounces a check?
It demonstrates a separation from the ground level of his very own interests. Is he uninterested in the fine grain details of GE in a similar manner?

Now the CEO of a multi-billion dollar conglomerate can hardly be expected to know every single cent of every single expenditure, but it still makes one pause and wonder what sort of comment on Jeff Immelt's management style this action is.

[Pic credit: a_kartha]

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Last updated: November 14, 2009: 03:20 PM

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