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Subject: Re: Not a minute to soon, imho ....


Author:
Franklin
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Date Posted: 13:32:20 06/15/17 Thu
In reply to: Observer 's message, "Not a minute to soon, imho ...." on 14:33:13 06/14/17 Wed

Gilpin Faust is similar to another favorite off-topic subject on this board, Jeff Immelt.

Both faced unique challenges because of the situations they inherited, Gilpin Faust the interest rate derivatives and other bad investments left over from Summers and Immelt the financial crisis and fraudulent accounting implemented under Welch.

Gilpin Faust and Immelt were both dealt challenging hands but now, as both are stepping down, their tenures will be viewed as failures, fairly or not.

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