Jeff Immelt Archives - CFO

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 Scales Back Plans for New HQ in Boston

GE Scales Back Plans for New HQ in Boston

The downsizing from a 12-story tower to two renovated warehouses marks another retreat from the ambitions of former CEO Jeff Immelt.

By Matthew Heller | February 15, 2019

GE Ousts CEO Flannery as Slump Continues

GE Ousts CEO Flannery as Slump Continues

The removal of John Flannery after a year on the job reflects "the board's frustration with the slow pace of change under his leadership.”

By Matthew Heller | October 1, 2018

Athenahealth CEO Resigns Amid Strategic Review

Athenahealth CEO Resigns Amid Strategic Review

A possible buyer is hedge fund Elliott Management, which made a hostile takeover offer last month for the healthcare technology company.

By Matthew Heller | June 6, 2018

GE Broods on Cash-flow Woes

GE Broods on Cash-flow Woes

GE's new CEO tightens reins as cash-flow projection plummets to $7 billion.

By David Katz | October 23, 2017

GE Sells Industrial Solutions Unit for $2.6B

GE Sells Industrial Solutions Unit for $2.6B

The sale of the underperforming business to Swiss firm ABB continues former CEO Jeff Immelt's strategy of fostering growth by streamlining GE's operations.

By Matthew Heller | September 25, 2017

GE Shares Sink 2.9% Despite Q2 Earnings Beat

Financial Performance

GE Shares Sink 2.9% Despite Q2 Earnings Beat

Analysts said the underlying quality of earnings was mixed, "with the beat driven almost entirely by lower corporate expense and restructuring."

By Matthew Heller | July 21, 2017

GE Beats Estimates in ‘Strong Start’ to 2017

Financial Performance

GE Beats Estimates in ‘Strong Start’ to 2017

Industrial cash flow came in low, disappointing investors, but GE still expects to hit $12 billion to $14 billion for the year.

By Matthew Heller | April 23, 2017

General Electric to Raise $4B From Sales of Industrial Units

General Electric to Raise $4B From Sales of Industrial Units

“We’ve made the company simpler. We’ve made the company deeper," CEO Jeff Immelt says.

By Matthew Heller | December 15, 2016

GE, Baker Hughes to Merge Oil, Gas Businesses

GE, Baker Hughes to Merge Oil, Gas Businesses

The companies believe the combined entity will be positioned to benefit from the expected recovery in oil prices.

By Matthew Heller | October 31, 2016

GE’s Core Revenue Climbs 6% to $25.8B

GE’s Core Revenue Climbs 6% to $25.8B

The company is facing challenges in its oil and gas business but renewable energy revenues grew 62%.

By Katie Kuehner-Hebert | April 22, 2016

Q4 Profit Falls in Most of GE’s Core Businesses

Q4 Profit Falls in Most of GE’s Core Businesses

Falling oil prices drove down profits in most of the industrial businesses but GE reaffirmed its 2016 outlook.

By Katie Kuehner-Hebert | January 22, 2016

GE Parlays GE Capital Asset Sale into $50 Billion Buyback

GE Parlays GE Capital Asset Sale into $50 Billion Buyback

The exits of targeted GE Capital businesses should release about $35 billion in dividends that are expected to be allocated to the buyback.

By David Katz | April 10, 2015