Dan Haar: GE’s digital retreat means it might have stayed in Fairfield

Listening to General Electric CEO John Flannery talk about paring back the company’s ambitions, it’s hard not to think he would have kept the headquarters in Connecticut, the state where he grew up. Does that matter now that GE flies its flag in Boston? Probably not, but it’s one way to think about how deeply Flannery — raised in West Hartford — deplores the pretension and overreach that Jeff Immelt showed as CEO for 16 years. Look past Flannery’s halving of the dividend, grounding of the corporate jet fleet and plan to shed $20 billion in assets as he focuses the industrial businesses on three main areas — health care, aviation and power generation.

from Business http://www.ctpost.com/business/article/Dan-Haar-GE-s-digital-retreat-means-it-might-12387240.php