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With stock down 53 percent year on year, GE axes its CEOGE shares surged 16 percent in premarket trading on news the board had ousted CEO John Flannery.
Source: NBCNews - 🏆 10. / 86 Read more »
GE Ousts CEO John Flannery in Surprise Move After Missed TargetsGeneral Electric ousted Chief Executive John Flannery after about a year in the job, a surprise move as the conglomerate revealed that deeper problems in its troubled power unit would cause the company to miss its profit and cash targets for the year.
Source: WSJ - 🏆 98. / 63 Read more »
GE replaces CEO John Flannery; shares rise 15 percentGeneral Electric is making a change at the top, naming Lawrence Culp, former head of tech firm Danaher Corp. to replace CEO John Flannery. Is it ever possible for these companies to put women in their top jobs?
Source: USATODAY - 🏆 100. / 63 Read more »
GE's Flannery steps down as CEO, shares jump 15 percentGeneral Electric Co Chief Executive Officer John Flannery abruptly stepped down ... ABFalecbaldwin still interested? 30Rock What happened to established 5 years process of picking a CEO at GE? I suspect the selection committee is a generation behind the digital age. Analog CEO will never work in this digital age.
Source: Reuters - 🏆 2. / 97 Read more »
Why GE removed John Flannery as CEO after little more than a yearGeneral Electric's board of directors removed John Flannery as CEO due to frustration with the pace of his turnaround plan for the embattled industrial conglomerate, sources familiar with the situation told CNBC. Uh just spitballing here, but maybe because GE fell off the Dow for the first time in 110 years? Oh please billionaire's at CNBC give advice to Elon Musk lmao, what are you going to suggest? that he waist his life typing crap for mouse clicks? Idiots Although Flannery is a brilliant guy he was still an insider giving GE the sameness it didn’t need. CEO material? sure but not for GE.Bringing Culp an outsider to look at GE situation w/a completely fresh set of eyes is what ge currently needs.
Source: CNBC - 🏆 12. / 72 Read more »
Culp will have to move quickly to combat 'unsettling' change at GE, says former GE executiveGeneral Electric's new CEO, Lawrence Culp, will have to move quickly to turn things around amid 'unsettling' change at the company, says former GE executive Bob Nardelli.
Source: CNBC - 🏆 12. / 72 Read more »
GE names retired executive John Rice as chairman of troubled power business
Source: CNBC - 🏆 12. / 72 Read more »
GE shares soar as much as 16% after fallen blue chip dumps Flannery as CEOGeneral Electric abruptly removed John Flannery as chairman and CEO and named former Danaher CEO Lawrence Culp as successor. GE also will take a $23 billion noncash charge for its struggling power business. Damn, another accounting engineering wonder! That was quick Cash on the way in, non-cash on the way out
Source: CNBC - 🏆 12. / 72 Read more »
Flannery ousted at GE after less than 2 yearsI make doody,RETROTONES iPhone. Maybe he shouldn't of sold off parts of the company to the Chinese? Jack Donaghy or Don Geiss up next.
Source: AP - 🏆 728. / 51 Read more »
GE shares soar as much as 16% after it suddenly dumps Flannery as CEOGeneral Electric abruptly removed John Flannery as chairman and CEO and named former Danaher CEO Lawrence Culp as successor. GE also will take a $23 billion noncash charge for its struggling power business. The last acts of desperation as the company hurtles towards oblivion
Source: CNBC - 🏆 12. / 72 Read more »