General Electric Acts to Prevent GE Capital Employees From Leaving

Wall Street Journal: General Electric Co. may be getting out of finance but, until then, it is trying to keep its bankers. Having announced its intention to sell roughly $200 billion in GE Capital operations, the company has taken steps to prevent key employees at GE Capital from jumping ship and has moved to stop competitors from swooping in and poaching staff.

There are signs that some are already scouting new employers. Paul Heller, managing partner in the global financial services practice at recruiting firm Caldwell Partners International Inc., said he has received “a number of unsolicited inquiries” from GE Capital employees.

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