Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
General Electric (GE) completed its breakup into three separate companies more than a year after spinning off its healthcare business. The aerospace and energy businesses of GE began trading on the NYSE as independent entities. Larry Culp, the CEO, played a crucial role in the split, aiming to increase the value of the individual parts.
When Larry Culp took over at GE, he was expected to sell parts of the 130-year-old conglomerate even faster than it had been assembled. His tenure is not just a victory of focus over sprawl, but also of operational excellence https://t.co/IUE1BIQBd9
General Electric was a mess when Larry Culp took over as boss in 2018. How did he turn the conglomerate around? https://t.co/RcoiqTHWhY 👇
Investors are reaping the rewards of GE’s split into three separate companies. The fact that the wind is at its back has undoubtedly helped. But Larry Culp also deserves praise https://t.co/Im1UcD96kp