Larry Culp’s first shareholder letter as General Electric Co.’s CEO was relatively brief and deployed less frequently some words and phrases that longtime leader Jeff Immelt often used to define the goals of the once-sprawling conglomerate.
The shorter missive reflects changes in GE itself, which has had three CEOs in three years, can only afford to pay a token dividend and is breaking itself apart. The company lost some $200 billion in market value over two years and was dropped from the Dow Jones Industrial Average last...
GE Capital was the role model for ENRON’s Andrew Fastow and Jeff Skilling. Too bad ENRON did not have overpriced MRI’s to bill Medicare to save itself!
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GE's 2020 Shareholder Letter will consist of 6 words: 'Nothing to see here. Move along.'
No more industrial internet of things? 🤨 IIoT $GE ?
In that 2788 words, no one catches the part that stock dilution might be a possibility? Amazing.
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GE CEO says company needs to reduce debt 'thoughtfully and soon'General Electric Co has too much debt and needs to reduce it 'thoughtfully ... Of course! 🙄 Touch the pension plan and watch what happens.
Source: Reuters - 🏆 2. / 97 Read more »
GE to Sell BioPharma Business to Danaher for $21.4 BillionGeneral Electric to sell biopharma unit to Danaher for $21.4 billion, part of a strategy to reduce leverage and boost its balance sheet Excellent Wow
Source: WSJ - 🏆 98. / 63 Read more »
GE withdraws plans for Healthcare IPO after Danaher deal: BloombergGeneral Electric will no longer seek an IPO for its health-care unit following the sale of its biopharma business, CEO Larry Culp told Bloomberg on Monday. Why would CNBC waste air time on Buffett talking kraft heinz, maybe 1% care, that is how many people own it. Ask him real questions about billionaire tax, how he can lead the turn of tyranny. Part of the problem is CNBC capitulation to the Uber greedy
Source: CNBC - 🏆 12. / 72 Read more »
GE shares surge 13% after Danaher agrees to buy biopharma business for $21.4 billionGE is selling its biopharma unit for $21.4 billion to Danaher, saying it will use the money to reduce leverage and strengthen its balance sheet. I have some old meds will sell to GE for 1/10 the price Will GE make a profit on this deal? What did they originally buy the biopharma assets for?
Source: CNBC - 🏆 12. / 72 Read more »
GE stock rockets after $21 billion deal with Danaher, but remains below key chart levelShares of General Electric Co. rocket after a deal to sell the company’s biopharma business for $21.4 billion in cash to Danaher Corp, but remain on track to extend their longest streak below the widely watched 200-day moving average in at least 40 years.
Source: MarketWatch - 🏆 3. / 97 Read more »
GE-Danaher pharma deal is a win-win remedyCEO Larry Culp is unloading the conglomerate’s biologics unit to his old employer for $21 bln. It’s his boldest downsizing move yet and will help cut leverage. Danaher gains scale in its health business at a reasonable price while Culp needed a sale, not necessarily top dollar. tombuerkle rob_cyran Big corporations are why our Medical cost are so damn high and our Congress is the reason. They OK'd enough mergers where there is NO competition. Corporations and Congress are the culprits !
Source: Breakingviews - 🏆 470. / 51 Read more »