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NEW YORK — Former General Electric chief executive Jack Welch said he “real ly stepped in it” with his televised comment that successor Jeffrey Immelt had a “credibility issue” after missing profit estimates.
“And nothing, nothing, nothing is as disgusting to me as some old CEO chirping away about how things aren’t as good under the new guy as they were under him,” Welch said Thursday on CNBC.
Welch, 72, made a two-hour live appearance Wednesday in which he said Immelt, 52, has a credibility issue following the company’s first-quarter earnings miss. He said he wanted to set the record straight on his support for the company and Immelt, whom he called a “hell of a CEO.”
