Bob Wright Offers Straight Talk on GE, TV & Jack Welch
Former NBC Chief says it's going to be tough for GE to get back to its industrial roots by shedding the financial assets that nearly sunk the company in 2009.
GE (GE) - Get Report is trying to return to its industrial roots by shedding the financial assets that nearly sunk it in 2009. Bob Wright, author of The Wright Stuff, said it's not going to be easy for GE to roll back the clock because it is doing so in the middle of a 'digital revolution.' 'I think they are trying to make it the smartest industrial company by developing their own technology and operating systems which I am sure they will be willing to sell to third parties,' said Wright. Wright served as Chairman and CEO of GE's NBCUniversal Media division from May 2004 to February 2007, capping off one of the longest and most successful tenures of any media company CEO.
