General Electric Archives - CFO

GE to Split Into Three Public Companies

GE to Split Into Three Public Companies

The breakup would mark the end of an industrial behemoth that was once the world’s largest company by market size.

By Matthew Heller | November 9, 2021

Boeing Names Former GE Exec Brian West as CFO

Boeing Names Former GE Exec Brian West as CFO

The successor to Greg Smith was "considered a key appointment” for Boeing as it seeks to recover from the 737 Max grounding and COVID pandemic.

By Matthew Heller | July 1, 2021

GE Shareholders Reject Pay Plan for CEO Culp

GE Shareholders Reject Pay Plan for CEO Culp

“We need GE to invest in America, not just one top executive. We are glad that shareholders are starting to see it the same way.”

By Matthew Heller | May 5, 2021

GE Kicks the Factoring Habit

Working Capital

GE Kicks the Factoring Habit

Instead of selling receivables for quick cash, General Electric will boost its billings and collections "muscle," says CFO Carolina Dybeck Happe.

By Vincent Ryan | May 4, 2021

GE’s Long Turnaround Attempt: Timeline

GE’s Long Turnaround Attempt: Timeline

Four rough years in the corporate icon’s history.

By Lauren Muskett | April 21, 2021

GE Commits to Cutting Debt By 35% Within 3 Years

GE Commits to Cutting Debt By 35% Within 3 Years

The U.S. industrial conglomerate provided more clarity on its debt plans to soothe investor nerves, sending shares up.

By Lauren Muskett | March 18, 2021

Ex-GE CFO Miller Named Cargill Finance Chief

Ex-GE CFO Miller Named Cargill Finance Chief

Jamie Miller will become Cargill's first female CFO, having previously broken the glass ceiling at GE.

By Matthew Heller | March 16, 2021

GE Sheds Jet-Leasing Unit in $30 Billion Deal

GE Sheds Jet-Leasing Unit in $30 Billion Deal

The deal with Ireland's AerCap "really marks the transformation into a more focused, simpler and stronger GE,” CEO Larry Culp says.

By Matthew Heller | March 11, 2021

Strong Cash Flow Boosts GE Turnaround Hopes

Financial Performance

Strong Cash Flow Boosts GE Turnaround Hopes

“As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment."

By Matthew Heller | January 26, 2021

GE Fined $200 Million for Accounting Irregularities

Risk & Compliance

GE Fined $200 Million for Accounting Irregularities

The company "materially misled investors about how it was generating reported earnings and cash growth as well as latent risks in its insurance business."

By Matthew Heller | December 10, 2020

GE Beats Revenue Estimates, Reports Q2 Loss

Financial Reporting

GE Beats Revenue Estimates, Reports Q2 Loss

Revenues were mainly driven by sales in the power and renewable energy divisions.

By Lauren Muskett | July 29, 2020

GE to Sell Iconic Lightbulb Business

GE to Sell Iconic Lightbulb Business

The buyer, Savant Systems, is a maker of ‘smart home’ solutions.

By Lauren Muskett | May 27, 2020

Pension Plan Sponsors Slashed Contributions in 2019

Retirement Plans

Pension Plan Sponsors Slashed Contributions in 2019

At present, companies generally aren't subject to required contributions and have little incentive to make discretionary ones, Russell Investments reports.

By David McCann | March 9, 2020

GE Shares Surge 10% on Strong Q4 Cash Flow

Financial Performance

GE Shares Surge 10% on Strong Q4 Cash Flow

"GE’s restructuring remains very much a work-in-progress, with some signs that [CEO Larry] Culp’s turnaround is taking hold."

By Matthew Heller | January 29, 2020

Was GE’s New CFO a Risky Choice?

Was GE’s New CFO a Risky Choice?

Carolina Dybeck Happe's background makes her an unusual choice to run finance at the struggling conglomerate, a research report suggests.

By David McCann | January 10, 2020