At the end of the race to follow Jack Welch as CEO of General Electric (GE), Jeff Immelt became CEO and Bob Nardelli and Jim McNerney left the company. McNerney’s just announced retirement from Boeing presents an opportunity to look at these three executives’ longer-term impact. That look shows that real winners in that succession race were Boeing’s stockholders.
Market Capitalization Changes since 2000
- Immelt: -$154B decline at GE
- Nardelli: -$40B decline at Home Depot
- McNerney: +$50B increase at Boeing
Understand the likely impact of a steady-state manager, dead hero or long-term leader.