GEWatcher... Continuing change adds to complexity and insecurity.

Immelt and his team are continually making changes in the organization, strategy and leadership. This continues to add complexity and insecurity and makes it difficult to predict what the company will do next and whether it can meet the "very high expectations" that it has created.

This is the latest organizational and leadership changes:

Effective immediately, GE moves from six to four segments, including two infrastructure segments:
-- GE Technology Infrastructure - Led by Vice Chairman John Rice, this segment includes Healthcare, Aviation, Transportation and Enterprise Solutions. These businesses have opportunities to leverage technology, software and engineering.
-- GE Energy Infrastructure - Led by newly appointed Vice Chairman John Krenicki, this segment includes Energy, Oil & Gas and Water. These technologies already work together with large customers, particularly in emerging markets.
-- GE Capital - Led by Vice Chairman Mike Neal, this segment aggregates all the financial service businesses including Commercial Finance, GE Money, industry verticals (GECAS, Energy Financial Services), and Corporate Treasury. This organization will improve GE Capital's opportunities to allocate capital, grow globally and reduce cost.
-- NBC Universal- Led by Jeff Zucker this segment is unchanged and will continue to focus on its strategic evolution through globalization and diversification.

Bill Rothschild, author of the global best seller: "The Secret to GE's Success"... just published in Chinese, and available in Spanish, Korean, Indonesian, Japanese and English.