General Electric (GE) announced Monday that its chairman and CEO Jeffrey Immelt would retire at the end of the year. Immelt headed the company for 16 years.
But how much is the chief executive worth?
Immelt was born in Cincinnati and is an alumnus of Dartmouth College and Harvard Business School. He took over at GE in 2001, just days before the Sept. 11 terrorist attacks. Immelt replaced the legendary chief executive Jack Welch, who over saw a gigantic expansion of the company increasing the stock value 4000 percent according to CBS.
Immelt had a long tenure at the company, starting in 1982.
According to Reuters, GE’s shares have fallen…