New GE CEO Larry Culp Is Very Different From His 11 Predecessors

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New GE CEO Larry Culp is very different from his 11 predecessors. Here's how (via BarronsOnline)

 

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GE stock has hit bottom after new CEO Culp’s hiring, analyst saysGE's stock may be on a tear right now -- but credit analysts are taking a different view... S&P slashed its rating on GE’s long-term debt, and Moody’s said it might do the same: hmmm Credit analysts are the clowns responsible for grading subprime crap as AAA in 2008. They are always behind the curve anyway.
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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.
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