When market changes, businesses have to reinvent themselves.
World needs electricity more than ever. That need is not going away anytime in our lifetime.
Business model will have to change, for sure as power costs drop and usage goes up (think of all transportation going from gas/diesel to electric). GE will be a player after the dust settles.
It needs to employees to rally behind a new century of power and reinvent how the world gets power. Gas turbines, steam turbines, wind, solar, batteries, fuel cells - all these will be part of the future. GE needs to ignore the shareholders for a couple of years and focus on creating 21st century infrastructure for power and mobility.
It is not helping that top leadership is being controlled by hedge funds and analysts who can’t wait or even care about next 10 year needs of customers, let alone next 100.
It needs a visionary leader at the helm. I heard Musk might be available soon?