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 ...
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 Last Updated at October 29, 2017 01:06 IST