Carolina Dybeck Happe leaves Maersk after less than a year to take the most prestigious job in corporate finance.
“Returning GE to a position of strength has required us to make several difficult decisions, and today’s decision to freeze the pension is no exception."
The company expects its turnaround strategy to yield "significantly better" performance after a "reset" year in 2019.
The struggling conglomerate took the biggest impairment charge in almost a decade, causing the SEC to widen its investigation of GE's accounting practices.
The $2.6 billion deal, which diversifies Starwood away from commercial mortgages, includes 51 senior loans secured by energy infrastructure assets.
GE's second-quarter profits sank 30% from last year, but revenue was up, beating analyst expectations.
A buy-low strategy would favor going all-in on General Electric, but Amazon may be a better bet, despite its ambivalence on earnings.
More companies are looking into robotic process automation as the technology gets more sophisticated, says an ex-GE finance executive turned RPA evangelist.
GE had been exploring "exit options" but CFO Jamie Miller says it now sees "a lot of upside" for Baker Hughes.
The slashing of the dividend by 50% continues CEO John Flannery's push to confront the challenges facing GE.
GE's new CEO tightens reins as cash-flow projection plummets to $7 billion.
Chris Capozzi, formerly chief risk officer and a divisional CFO at General Electric, tackles a world of challenges and opportunities in a new industry.
