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Rating:Vanguard's Ex-Chairman Joins GE Board Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 31, 2012

Vanguard's Ex-Chairman Joins GE Board

News summary by MFWire's editors

On Friday, General Electric elected John Brennan, ex-chairman of Vanguard, to join their board as a director, the Wall Street Journal reports.

GE seeks to bolster their support from the financial community with the addition of Brennan. GE stock has not recovered since the 2009 financial crisis. In the past four years, GE shares had fallen 31 percent.

"Jack Brennan knows what shareholders care about and what good governance looks like," Jeff Immelt, GE chief executive, said.

Brennan is still a Vanguard senior advisor, and also lead governor of the Financial Industry Regulatory Authority

Edited by: JY


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