General Electric (GE) to Fall Short of Prior 2018 Guidance, Takes ~$23B Impairment Charge
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Go back to General Electric (GE) to Fall Short of Prior 2018 Guidance, Takes ~$23B Impairment Charge
October 2, 2018 6:50 AM EDT
Oppenheimer analyst, Christopher Glynn, reiterated a Perform rating on General Electric (NYSE: GE) after the company announced its second CEO transition in a little over a year. GE established Larry Culp as chairman and CEO effective immediately.
Outgoing CEO John Flannery served 14... More
October 1, 2018 9:46 AM EDT
Cowen analyst Gautam Khanna weighed in on General Electric (NYSE: GE) after the company named former Danaher CEO Larry Culp was named Chairman/CEO of GE effective immediately, replacing former CEO and GE lifer John Flannery.
Khanna expects investors to react favorably... More
October 1, 2018 7:03 AM EDT
GE (NYSE: GE) announced today that H. Lawrence Culp, Jr. has been named Chairman and Chief Executive Officer of the Company by a unanimous vote of the GE Board of Directors, effective immediately. Additionally, the GE Board has appointed Thomas W. Horton as Lead Director. Mr. Culp and Mr. Horton have been members of the Board since April 2018. Mr. Culp will succeed John Flannery as Chairman and CEO.
While GEs businesses other than Power are generally performing consistently with previous guidance, due to weaker performance in the GE Power business, the Company will... More
