Amid the turmoil, and despite the pressures to perform, GE was still hunting for big deals. A team in the Aviation division had worked with bankers to put together a proposal to buy aerospace rival Rockwell Collins in late 2016. The deal pitch, worth more than $15 billion, reached Immelt in early 2017. He scuttled it, to the frustration of those who saw such a deal as being far more lucrative than Alstom. But Immelt knew he was being watched and was determined not to drop the ball. He couldn’t afford Trian, or others, seeing yet another example of him seeming to bite off more than he could
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