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Here comes General Electric's turnaround plan. It better be good

This icon of American industry has been forced to cut its earnings and cash flow outlook

Brooke Sutherland | Bloomberg 

For much of the past century, General Electric Co. — whose history stretches back to Thomas Edison’s lightbulb — had been a symbol of the by-the-numbers management credo that ruled American business before the digital age. But GE’s eyesore of an earnings report on Oct. 20 leaves little doubt that the 125-year-old company, with a market value of $186 billion, is facing a financial and cultural senior moment. This icon of American industry has been forced to cut its earnings and cash flow outlook so drastically that investors are now preparing for a ...

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First Published: Sat, October 28 2017. 23:15 IST
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