In his final days atop General Electric Co., Jeffrey R. Immelt still can’t throw off oil’s stink.
In his farewell earnings report, the chief executive ended his 16-year tenure by telling Wall Street that GE’s earnings are likely to be disappointing the rest of this year. The culprit: sputtering energy markets.
It was the latest setback for a chief executive who never could win over investors and came under pressure this year from activist shareholder Trian Fund Management.
