GE's John Flannery Is In The News Again: Stock Price Down 7.3% [Seeking Alpha]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Seeking Alpha
May.24.18 | About: General Electric (GE) John M. Mason Banks, long-term horizon Summary GE CEO John Flannery spoke to an Electric Products Group conference on Tuesday and his comments disappointed Wall Street. The General Electric continues to avoid providing us with his vision for the future GE other than to say that it will be simpler and leaner. This picture of a simpler, leaner GE just moves forward the old GE as an industrial conglomerate, not the Digital Industrial company that was being built. John Flannery, the CEO of General Electric (NYSE: GE ), cannot catch a break these days. Mr. Flannery spoke at the Electric Products Group conference yesterday and, according to Thomas Gryta in the Wall Street Journal , his “comments disappointed Wall Street, which pushed GE’s shares down 7.3 percent in Wednesday trading to $14.18. Mr. Flannery “reminded” participants at the conference “that major changes at the conglomerate will take some
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