Jeffrey Immelt, General Electric’s – - GE – - chief executive, on Wednesday in a searing indictment of American corporate leadership, said of his generation of business leaders: “Tough-mindedness, a good trait – - was replaced by meanness and greed – - both terrible traits. Rewards became perverted. The richest people made the most mistakes with the least accountability. In too many situations, leaders divided us instead of bringing us together. As a result, the bottom 25% of the American population is poorer than they were 25 years ago. That is just wrong.”
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