1. Breaking News: General Electric CEO John Flannery is Out

    Business Insider BoardNews
    Breaking News: General Electric CEO John Flannery is Out

    General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by  H. Lawrence Culp, Jr.

    GE said it will take a $23 billion goodwill charge for its power business. It also warned that it will miss its 2018 earnings-per-share gudiance.

    GE shares are up more than 10% on the news...

     

    Read Full Article

    Login to comment.

    Related Articles

  1. Search:

  2. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Question of The Week, Sponsored Content

  3. Quotes

    1. GE expects to take a non-cash goodwill impairment charge related to the GE Power business.

  4. Topics Mentioned

  5. Authors