General Electric cut its dividend in half and is restructuring to focus primarily on three units. Industrial analyst Brian Langenberg said on CNBC’s Squawk Box – To really turn this company around operationally and culturally, it’s going to take CEO John Flannery — if he does it right — five years.”
For years the company overpaid for acquisitions and crippled its cash flow.
GE’s market value is down to one third of its peak in 2000.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
GE has been on a downward spiral since this was posted, it's 9.73/share today 11/19/2020.
It's time in the sun was past until it went big into finance. It exited finance to return to the supposed glory days, but the glory days were its years in finance.