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GE Is Making a $300 Million Bet on Its New CEOGeneral Electric has agreed to pay its new chief executive, Larry Culp, as much as $21 million a year for four years—with the potential for hundreds of millions of dollars more if he oversees a big enough boost in GE’s share price. I wonder if the employees rates have went up as well? Wow! Fired just doesn’t mean the same thing to, well anybody.
Source: WSJ - 🏆 98. / 63 Read more »
The CEO behind General Electric's health unit on cutting ties from struggling parent 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.
Source: CNBC - 🏆 12. / 72 Read more »
New GE CEO Larry Culp signs stock-heavy contract worth up to $300 million if shares soarGE is in dire need of a turnaround and will pay its new CEO Larry Culp $300 million if he boosts the stock by 150%. Boosts the stock or fixes the company $33 a share? That will take awhile. Easy. Add a few more billion in debt to the balance sheet and buy a bunch more stock back. Seems to work for lots of other companies. Voila, $300 million into his jeans.
Source: CNBC - 🏆 12. / 72 Read more »
GE shares rise after new CEO Culp buys $2.2 million in stockGeneral Electric shares rose Monday after recently appointed chairman and CEO Larry Culp bought $2.2 million of the company's stock. Now that is one beaten down stock.
Source: CNBC - 🏆 12. / 72 Read more »
Airbus spends $300 million on new Alabama plant for A220 jetAirbus expanded its industrial presence in the United States on Wednesday, prepa... would that be the $300m the Canadian government gave you? Thanks Trump. they’ll be building in inches and gallons, by God! EnglishStandardUnits NoMetric donttreadonme USA
Source: Reuters - 🏆 2. / 97 Read more »
General Electric Retirees Contemplate Selling GE StockMany General Electric (GE) retirees depend on the company for their pension and the stock for their portfolio. This works great when the company is healthy and the stock performs, but the flip side is not pretty. probably a little late don't you think? What in the name of diversification is going on? Start infrastructure reboot now.
Source: Forbes - 🏆 394. / 53 Read more »
General Electric seeks 'urgent' asset sales to cut debt: CEOGeneral Electric Co is pursuing assets sales with 'urgency' to reduce ... Thanks Immelt How the mighty have fallen! When your spending gets closer to your income, you start selling assets to keep up the spendings. Instead, you should have a vision and policy in place to see that you growth always has a fresh beginning. How about a 10 year contract for the workers with a rehabilitation plan ?
Source: Reuters - 🏆 2. / 97 Read more »
General Electric CEO Culp says company has too much debtGeneral Electric Co Chief Executive Officer Larry Culp said on Monday the conglo... Cae las acciones de general electric Business school's will be writing about the failure of Jeffrey Immelt and his management team for decades. It smells of a toxic culture to the likes of Enron, Tyco, and other well published failures. GE needs to cut debt? What was the selling off of the appliance division for?
Source: Reuters - 🏆 2. / 97 Read more »