General Electric Co.’s new boss promised “sweeping change” as he delivered a brutal assessment of the 125-year-old manufacturer. Results for the latest quarter are “completely unacceptable,” Chief Executive Officer John Flannery told investors on Friday as he slashed the profit forecast and pledged to unload $20 billion of GE businesses. “We need to make some major changes with urgency and a depth of purpose.” John Flannery. Photo: Twitter handle (@JohnFlannery_GE) Flannery, who took over Jeffrey Immelt’s longtime ...
GE's new CEO vows sweeping change after report
Everything is on the table, things will not stay the same at GE', Flannery said on a conference call to discuss quarterly earnings
Rick Clough | Bloomberg Last Updated at October 22, 2017 02:32 IST