GE's Problems Continue

Ex-CEO John Welch has publicly criticized the current CEO Jeffry R. Immelt for not being correct in Immelt's projections of earnings.  It is a very rare public moment.  The problem is, of course, deeper.  GE's stock has slumbered since Immelt's appointment.  GE is simply too large; it's returns cannot beat the market, it is the market.  Yet the company, through management missteps, can have returns that fall behind the market.  GE needs to bust itself up.  A bust-up, once announced, would immediately drive up the stock price and reflect a board and a CEO that care about investors, not the management perquisites of size.