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S&P downgrades General Electric's credit rating a day after CEO is fired

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GE's credit rating is under review for a possible downgrade at Moody's.

 

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General Electric fires John Flannery as CEOJohn Flannery was CEO for a year, but General Electric's board decided to move in a different direction today, hiring Lawrence Culp, currently CEO of Danaher, to replace him.
Source: CNBC - 🏆 12. / 72 Read more »