Jeff Immelt was the CEO of General Electric for 16 years. It was a controversial run to say the least. During his tenure company stock plunged, wiping out well over $100 billion in market value. Now, Immelt is ready to talk about what went wrong – and, what went right. He’s written a new book called Hot Seat: What I Learned Leading a Great American Company. And today, he joins Alan Murray and Ellen McGirt on Leadership Next. 

Also in today’s episode, Fortune’s Geoff Colvin who has spent years chronicling the company and has his own insight to offer.