Larry Culp 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

GE Buys BK Medical in $1.4B Ultrasound Bet

GE Buys BK Medical in $1.4B Ultrasound Bet

The acquisition will enable GE Healthcare to expand its ultrasound business "beyond diagnostics into surgical and therapeutic interventions."

By Matthew Heller | September 23, 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’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

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 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

GE Freezes Pensions to Reduce Deficit, Debt

GE Freezes Pensions to Reduce Deficit, Debt

“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."

By Matthew Heller | October 7, 2019

GE Reports ‘Steady Progress,’ CFO Departure

Financial Performance

GE Reports ‘Steady Progress,’ CFO Departure

CEO Larry Culp hails Jamie Miller's "many contributions to GE’s significant transformation" but says it was time for a CFO change.

By Matthew Heller | July 31, 2019

GE Shares Rise on Hopes for Rebound in 2020

GE Shares Rise on Hopes for Rebound in 2020

The company expects its turnaround strategy to yield "significantly better" performance after a "reset" year in 2019.

By Matthew Heller | March 14, 2019

GE Stock Surges on News of Biopharma Sale

GE Stock Surges on News of Biopharma Sale

The $21 billion sale to Danaher is a "pivotal milestone" in GE's plan to reduce debt and strengthen its balance sheet, CEO Larry Culp says.

By Matthew Heller | February 25, 2019

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 Posts $22B Loss as Legal Problems Mount

GE Posts $22B Loss as Legal Problems Mount

The company's new CEO says an overhaul of the struggling power business is among his immediate priorities.

By Matthew Heller | October 30, 2018