There’s a lot going on right now at General Electric (NYSE: GE), especially for the new CEO John Flannery. The stock is down 47% since July 2016, which is not something that happens very often to $250 billion companies. Several difficult decisions had to be made, such as a massive one-time charge for a legacy insurance portfolio, and more promises to be on the way.
Therefore, it probably wouldn’t be a bad idea for the industrial conglomerate to keep its head down, focus on its core businesses, and right the ship. After all, a handful of big, bold bets made in the past are at least partly responsible for the company’s current woes. It would be difficult to convince shareholders that similar moves today would be an antidote to the current chaos.
But there’s an intriguing possibility for General Electric’s future now that Flannery is at the…
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