john flanery will be taking over the position we're join by the former ceo, cnbc contributor and businessull professor bill george bill, welcome. >> thank you, sara >> this is a perfect conversation for you in all your years of studying corporate leadership this market and whole tenure of jeff immelt worse performing dow component since back in 2001 when he took over. how would you grade aside from the market jeff immelt's tenure and leadership at ge >> sara, i would say it's mixed. certainly by the stock market it's not measured up he had a tremendous mountain to climb after jeff stepped aside and he's had 16 years but he's engineered a tremendous strategic change in this company to move away from being a bank which it was moving towards when the reins were turned over in 2001 and emphasizing hi-tech and innovation and that takes time 16 years is a long time. if i were critical he moved too slowly, had to navigate two major crises in 2001 and 2008 when they almost went under and had to look for loans. but i would say he's got them on the right track now but it's up to john flanery to pro

liz: he's being replaced by a 30-year veteran, john flanker -- flan flan flanery.t's beaten the indices since the financial collapse it's been underwater in terms of when he started. i tell you, they've been hitting their eps targets with stock buybacks, but negative class flows. and placed a bet on oil before it plunged and spin off the media business. he has no sacred cows, can he move that stock price to start in the green direction. stuart: he's had 16 years. liz: jeff immelt has. stuart: a troubled period in ge. i want to get back to that later. i want to get to the big tech names, they're going to take a haircut at the opening well. former reagan economist art laffer. i don't want to suggest that the show moves the market, but we did discuss rotating out of the big ones during the show. i want to blow my handwritten. >> you're way too cool. i follow you immensely on this. stuart: is this the dip or the start of a big selloff over the whole market? >> i don't think it's a big sell i don't have over the whole market. it may be a fairly large dip. these stocks h