GE Investors Gather to Elect Revamped Board, Air Gripes

General Electric Co.’s board was once so cozy that it had to set a 15-year term limit to ensure directors didn’t stick around too long.

When investors gather Wednesday after two tumultuous years, they will elect an overhauled board with an average tenure of just 2.5 years. It is led by a pair of outsiders who joined just a year ago: Chairman and Chief Executive Larry Culp and the lead independent director, Thomas Horton.

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Don’t Forget: GE Cash Is Going Down a Black Hole, JPMorgan SaysJP Morgan analyst Stephen Tusa wrote in a report on Friday that bullish investors shouldn’t forget about GE Capital when valuing General Electric stock. He believes the company’s lending unit will remain a cash drain in the future. I still think Larry Culp can accomplish a turn around but I always stand by Buffets quote “when management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact”
Source: MarketWatch - 🏆 3. / 97 Read more »