Cramer explains why GE's board really booted former CEO John Flannery

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Jim Cramer argues that the former General Electric CEO wasn't removed because of the speed of his turnaround.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Esse Cramer deve ser um gajo importante

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why GE removed John Flannery as CEO after little more than a yearGeneral Electric's board of directors removed John Flannery as CEO due to frustration with the pace of his turnaround plan for the embattled industrial conglomerate, sources familiar with the situation told CNBC. Uh just spitballing here, but maybe because GE fell off the Dow for the first time in 110 years? Oh please billionaire's at CNBC give advice to Elon Musk lmao, what are you going to suggest? that he waist his life typing crap for mouse clicks? Idiots Although Flannery is a brilliant guy he was still an insider giving GE the sameness it didn’t need. CEO material? sure but not for GE.Bringing Culp an outsider to look at GE situation w/a completely fresh set of eyes is what ge currently needs.
Source: CNBC - 🏆 12. / 72 Read more »

GE replaces CEO John Flannery; shares rise 15 percentGeneral Electric is making a change at the top, naming Lawrence Culp, former head of tech firm Danaher Corp. to replace CEO John Flannery. Is it ever possible for these companies to put women in their top jobs?
Source: USATODAY - 🏆 100. / 63 Read more »

GE's Flannery steps down as CEO, shares jump 15 percentGeneral Electric Co Chief Executive Officer John Flannery abruptly stepped down ... ABFalecbaldwin still interested? 30Rock What happened to established 5 years process of picking a CEO at GE? I suspect the selection committee is a generation behind the digital age. Analog CEO will never work in this digital age.
Source: Reuters - 🏆 2. / 97 Read more »

GE Ousts CEO John Flannery in Surprise Move After Missed TargetsGeneral Electric ousted Chief Executive John Flannery after about a year in the job, a surprise move as the conglomerate revealed that deeper problems in its troubled power unit would cause the company to miss its profit and cash targets for the year.
Source: WSJ - 🏆 98. / 63 Read more »

Cramer: GE 'deserved to rebound' on Tusa upgrade, but I still wouldn't buy the stockJim Cramer says now may not be the time to buy shares of General Electric despite a recent upgrade from a key analyst. Cramer only buys tops. Which is odd considering I'm guessing he is a bottom.
Source: CNBC - 🏆 12. / 72 Read more »