Fwd: News Alert: General Electric replaces new chief executive and announces massive $23 billion charge amid struggles

Monty Bannerman
ArcStar Energy
Tel: +1 646-402-5076
www.arcstarenergy.com

---------- Forwarded message ---------
From: The Washington Post <email@washingtonpost.com>
Date: Mon, Oct 1, 2018, 7:44 AM
Subject: News Alert: General Electric replaces new chief executive and announces massive $23 billion charge amid struggles
To: <mbannerman@arcstarenergy.com>

Just a year after John Flannery took over the industrial giant, General Electric announced it would replace him as chief executive. Lawrence Culp, former chief executive of Danaher Corp., will replace him. GE also said it will take a $23 billion non-cash charge for its power business and said it will fall short of earnings expectations in 2018. GE's stock has declined dramatically in the past year as the company saw its stock price fall and its market capitalization decline to less than $100 billion.

Democracy Dies in Darkness     News Alert Oct 1, 7:43 AM     General Electric replaces new chief executive and announces massive $23 billion charge amid struggles Just a year after John Flannery took over the industrial giant, General Electric announced it would replace him as chief executive. Lawrence Culp, former chief executive of Danaher Corp., will replace him. GE also said it will take a $23 billion non-cash charge for its power business and said it will fall short of earnings expectations in 2018. GE's stock has declined dramatically in the past year as the company saw its stock price fall and its market capitalization decline to less than $100 billion. Read more » Advertisement You received this email because you signed up for news alerts from The Washington Post. Manage my newsletters and alerts | Unsubscribe Privacy Policy | Help ©2018 The Washington Post, 1301 K St NW, Washington DC 20071