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Hello Mr. Flannery, Goodbye Mr. Immelt

|Includes: General Electric (GE)

Since the departure of former GE CEO Jeff Immelt, investors have salivated at the potential for long-awaited returns under new CEO John Flannery. Now that investors have gotten what they've long pined for, the ouster of Immelt, they should give the new CEO some room to etch out his plan for the company.

This is not to say that investors should let their guard down and stop providing feedback to the new CEO and the board, but now-consistant calls to break up the company seem far-fetched and unproductive. GE derives synergies from its size and scope, and perhaps Flannery will attempt to organize the company like Warren Buffett's Berkshire Hathaway.

While telling investors to "wait and see" certainly doesn't breed confidence, I believe that this represents the best course of action for the time being. I, for one, will hold on to my stake in the company, and I have confidence that this move will not disappoint in the long term.

Disclosure: I am/we are long GE, BRK.B.