General Electric's CEO Reveals the One Possibly Fatal Mistake Kroger's CEO Made About Amazon
Stay hungry.
"The seminal trait of a leader today is just resiliency," outgoing General Electric (GE) - Get Report CEO Jeffrey Immelt said at a New York Economic Club event Thursday night
Global disruption is "breathtaking" and unstoppable. Immelt said Kroger's (KR) - Get Report CEO Rodney McMullen probably never saw the Amazon.com (AMZN) - Get Report deal with Whole Foods (WFM) "in the realm of possibilities," but it happened.
"None of it is going to get any easier. It's only going to get harder," Immelt said.
But a good leader knows how to pivot even when the going gets tough. When crude oil prices nosedived in 2015, GE brokered a deal with Baker Hughes (BHI) .
"We never would have been able to do if oil was $70," Immelt said.
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