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If new changes are approved by investors, 11 of the 18 directors listed on GE's proxy last year will no longer be part of the embattled company's board...
At the board level, change is like a glacier -- it moves very slowly.
That's something they should have done a long time ago.
GE's board has been an outlier at 18 for quite some time.
You're going to lose some wisdom by having this much turnover, but under the circumstances -- because you're having this triage -- that's understandable.