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.
ABFalecbaldwin still interested? 30Rock
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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 »
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 »
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 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 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 »
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 »
Meet Kieran Murphy, the straight-talking, dealmaking CEO of GE Healthcare, on the future without GEMurphy, 55, is probably one of the fastest rising stars at GE that no one's ever heard of. He's quickly climbed the ranks and is now tasked with spinning out GE Healthcare into a separate company, which doesn't come without some risks. GEHealthcare Kieran Murphy. President GE Healthcare should have a movie called Clueless
Source: CNBC - 🏆 12. / 72 Read more »
GE's stock soars after CEO Flannery replaced, to take a near $23 billion impairment chargeShares of General Electric Co. |phrase background-info='BRIEFING-BOOK' name='ge' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|ge'||/phrase| jumped 8% in premarket trade Monday, after the industrial conglomerate said its chief executive officer, John Flannery, was being replaced after a little over a year in the role. Flannery became CEO in June 2017. The company names H. Lawrence Culp Jr. as CEO and and chairman, effective immediately. Culp had been CEO of Danaher Corp. from 2000 to 2014. GE also named Thomas Horton, who was CEO of American Airlines from 2011 to 2013 as lead director. The company said because of weaker performance of its GE Power business, it will fall short of 2018 free cash flow and eanrings per share guidance, and expects to take a non-cash goodwill impairment charge of close to $23 billion. The stock has tumbled 53.3% over the past 12 months through Friday, while the Dow Jones Industrial Average |phrase background-info='BRIEFING-BOOK' name='djia' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|djia'||/phrase| has rallied 18.1% Thank you for selling me your shares on Friday, whoever you are! Made 10% over a weekend. F ya! blockchain protection for your files or intellectual property with DeepOnionX DeepOnion $ONION DeepOnionx
Source: MarketWatch - 🏆 3. / 97 Read more »
Executive Onboarding Note: The Root Cause Of GE CEO John Flannery's Failure: Speed And DecisivenessFlannery was unable to make GE's board believe he and his team could deliver better results faster.
Source: Forbes - 🏆 394. / 53 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 »