Jeff Immelt knows something about managing through crises. I...

Jeff Immelt knows something about managing through crises. Immelt, who is now a venture partner at New Enterprise Associates, told Yahoo Finance he thought the experiences he retold in the book could be valuable to other leaders.

“In a crisis, you have to hold two truths: You have to know that things could always get worse, and at the same time, you have to have vision that there is going to be a future that you need to invest in,” he said at Yahoo Finance’s All Markets Summit.The former General Electric (GE) chief executive saw the industrial conglomerate through the post-9/11 period and the Great Financial Crisis. And he released a book, “Hot Seat,” earlier this year, defending his leadership after the value of GE dropped by $170 billion during his 16-year tenure.

$GE Aerospace (GE.US)$ For the short term, it is good for these top managements - such as Jack Welch's million bonus. For the long running, it will break the firm, because working environment is break from small group level, It cost people never truest each other again.