GE's closely watched cash flow from operations fell 67 percent to $3.6 billion from a year earlier, reflecting the loss of the appliances division, which the company has sold.
GE said earnings are likely to end the year at the bottom end of its projected range at $1.60 a share to $1.70 a share.cents CEO cut earlier earnings Flannery GE Immelt profit update
Yesterday, when the news broke that GE (GE) CEO Jeff Immelt was retiring, the stock jumped around ten percent. Immelt has been in charge at the giant conglomerate since 2001, and since then, the stock has lost around thirty percent in price terms while the S&P 500 has doubled.benefit bonuses CEO Flannery GE Immelt investors stock Trian year
The company on Monday named John Flannery, the president and CEO of GE Healthcare, as the new CEO, effective August 1.
Immelt, 61, succeeded legendary CEO Jack Welch, who led the company for 20 years and vastly increased its size and scope.CEO financial Flannery GE Immelt led Monday stock Welch years
General Electric said on Monday that its longtime chairman and chief executive, Jeffrey R. Immelt, would retire, ending a 16-year run in which he refocused the company on its industrial roots but also made notable acquisitions.
The move was part of efforts to extend G.E.’s reach in providing electrical utilities with generating equipment and power-grid distribution systems.chairman chief executive Flannery Immelt Industrial made Mr retire year
General Electric Co. (NYSE: GE) named John Flannery, president and CEO of GE Healthcare, as chief executive Monday, effective August 1, ending the nearly 16-year tenure of Jeff Immelt.
Flannery, 55, began his career at GE Capital in 1987, where he focused on evaluating risk for leveraged buy-outs, according to a press release from GE.business capital CEO Flannery GE healthcare Immelt Industrial President stock
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The industrial giant said on Monday that its chairman and chief executive, Jeffrey R. Immelt, would retire at the end of the year, and be replaced by the top executive in its health care business.chairman chief executive Flannery Immelt Industrial Mr replaced retire top year