John Flannery 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

S&P Downgrades GE Rating on Power Woes

S&P Downgrades GE Rating on Power Woes

GE's "solid performance" in aviation and health care has been "overshadowed by weakness in the power segment," the rating agency says.

By Matthew Heller | October 3, 2018

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

GE Profits Plummet, But Hopeful Signs Appear

Accounting & Tax

GE Profits Plummet, But Hopeful Signs Appear

GE's second-quarter profits sank 30% from last year, but revenue was up, beating analyst expectations.

By William Sprouse | July 20, 2018

S&P Warns of Negative Impact From GE Spinoff

S&P Warns of Negative Impact From GE Spinoff

The rating agency puts GE on watch for a possible downgrade, saying the healthcare spinoff could result in “more volatile profitability and cash flow.”

By Matthew Heller | June 26, 2018

GE Sheds Train Engine Unit With $11B Merger

GE Sheds Train Engine Unit With $11B Merger

The deal with railroad manufacturing firm Wabtec is the biggest step so far in GE's plan to streamline its operations to three core segments.

By Matthew Heller | May 21, 2018

Big Drop in Power Profit Tempers GE’s Q1 Beat

Financial Performance

Big Drop in Power Profit Tempers GE’s Q1 Beat

"Until you get power fixed, and they're nowhere close to getting that fixed, the stock only goes so far," one analyst says.

By Matthew Heller | April 23, 2018

GE Sells Healthcare Assets to PE Firm for $1B

GE Sells Healthcare Assets to PE Firm for $1B

The sale to Veritas Capital appears to fit General Electric's "overarching objective to become a truly digital industrial company."

By Matthew Heller | April 3, 2018

GE Adds Accounting, Finance Experts to Board

GE Adds Accounting, Finance Experts to Board

The nominations of three new directors include former FASB head Leslie Seidman and former AT&T CFO Thomas Horton.

By Matthew Heller | February 26, 2018

GE Keeping Faith in Baker Hughes Merger

GE Keeping Faith in Baker Hughes Merger

GE had been exploring "exit options" but CFO Jamie Miller says it now sees "a lot of upside" for Baker Hughes.

By Matthew Heller | February 23, 2018

GE Chair Mulls Breakup of Company

Mergers & Acquisitions

GE Chair Mulls Breakup of Company

General Electric's three core assets — power, aviation, and healthcare — may one day be up for grabs.

By David Katz | January 16, 2018

GE Slims Down Further With Power Layoffs

GE Slims Down Further With Power Layoffs

The 12,000 job cuts are "painful but necessary for GE Power to respond to the disruption in the power market."

By Matthew Heller | December 7, 2017

Fitch Lowers General Electric Credit Ratings

Financial Performance

Fitch Lowers General Electric Credit Ratings

The rating agency says GE's return to higher margins and stronger free cash flow is going more slowly than it previously anticipated.

By Matthew Heller | November 28, 2017

GE Makes First Dividend Cut Since Depression

Financial Performance

GE Makes First Dividend Cut Since Depression

The slashing of the dividend by 50% continues CEO John Flannery's push to confront the challenges facing GE.

By Matthew Heller | November 13, 2017

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