Culp is getting it done.
36 replies (most recent on top)
The earnings report is tomorrow morning. Don't forget your rose colored glasses.
Ha ha ha good one
The original post person must be drinking that union kool aid or afraid to loose their JOB and go back to making $12 hr.
8gsz+17rjCKDf- stocks are turning around but to bad it’s all smoke and mirrors give it another week
At least the stock is headed in the right direction.
Culp is turning it around alright straight down the main drain goes the work force. A page out of JW play book.
Culp has helped but before the ship can really turn around, there needs to be a wholesale cleaning out of most of the upper and middle mgmt. So far they have only done that in GE Digital. I also agree with the poster below, if you are not mgmt right now, best option is to find a place outside of GE.
Really need to fix the GE culture though, its v toxic and full of difficult, my way or highway people. Culture is broken most of all in the company.
Yes, the rudder is busted....we are circling the drain
The rudder is broken, that's why we're turning around. All were going to do is just go around and around in circles until we run out of steam. It's going to be a wild ride at least.
The bottom line the original post is so wrong.
The ship ISNT turning around it must of been a typo.
Bottom line, Culp has risked his well-earned Danaher reputation on this turnaround. Being a board member he walked with eyes open. He knows what he is doing.
Lest we forget ☝... that General Electric Co. Is STILL being investigated by the SEC & FBI for Accused past indiscretions and questionable deals regarding Healthcare Equipment with China and Brazil.
So just when all APPEARS to be going well, THIS issue may rise up its ugly head and knock GE off its high and mighty throne of false security, which THEY have been successfully feeding the Sheeple and Bottom Feeders that enjoy drinking the Kool-Aid.
So here are some Parting words of the wise to some of the Unwise...
GET OUT WHILE THE GETTINS' GOOD,,,TODAY !!!
It's the best time, before it's too late and the "Lifeboats" are filled with all of the ESSENTIAL Employees.
301’s ship already has small holes, it’s starting to slowly sink, soon it’ll go down fast. Silver bracelets are heavy, they don’t float.
The ship is turning around. Less people employed by GE! Culp is getting it done alright. Wait until he gets it done in 2021/ 03/01 the day 301 get reduction cut in half because there are no orders.
One person’s trash is another person’s treasure. Culp is sifting through every piece and putting it in the proper bin.
Until the trash is taken out, it will never get cleaned up. Sweeping under the carpet, isn't cleaning up.
Whether you like it or not, this place is gradually getting cleaned up. I love it.
Great GECAS move
PIMCO Deal.
The ship will turn around after March 2021 the countdown is on
The sweetheart deal helped make lay off’s possible. If the new BA stops listening to the P we might get our Union back. The BA needs to see that the P doesn’t follow our Constitution or By-Laws, and everything he does benefits the company. It’s been that way for years, the new BA needs to stop following his advice if he wants to be successful. There’s a reason the P didn’t want anyone to know it was just him and the ex BA who signed the Consolidation Agreement. Otherwise, why try to hide it, why lie? Then again, maybe there will be a shake up on Broadway, that audit is taking an unusually long time. According to the DOL website a routine audit doesn’t take long. This audit should have been done a long time ago if nothing concerning was found. What’s the hold up? This Union Loser knows how much influence the Union Officials have in Schenectady. If you think they don’t you’re wrong, if you think all of them are working for us, you’re also wrong. Some keep trying.
Pretty sad as a union member we get more info be it legit or bs than we get from our union officials.
On March 1st 2021 all the hopes and dreams of the 301 union will loose and give back more. On 03/01/2021 the layoff will come. Unless another sweetheart deal is done
Only site union members can voice their opinions without being criticized and labeled losers or morbid? You are entitled to your own opinion as well. Equality for all! HaHa
Shhhh. No positive news! This is a site for the union losers and the morbid!
I agree. She is finally turning.
We're turning around just so that we can hit the iceberg again. Gotta be perfect!!
Does the post mean? The ship is turning back to shore before it sinks? It’s smoke and mirrors layoffs arriving in March
"Enron Chairman Kenneth L. Lay exhorted employees in September to buy more Enron shares and reassured them that the company’s upcoming quarterly financial report was “looking great” only weeks before the energy trader disclosed the worst results in its history and a billion-dollar write-down that destroyed its public credibility." - LA Times, Jan. 19, 2002
https://wolfstreet.com/2020/10/14/airlines-toxic-mix-still-crushed-ticket-sales-lower-ticket-prices-delta-q3-passenger-revenues-86-percent/
Earnings release isn't gonna be a explosive announcement overall. But the fact that a lot sooner than originally thought, GE is no longer bleeding billions of dollars and will be cash positive before 2021! Thats gonna make stick tick up, but its still not worth double digits by any means. When the mo–ns running the shows get the boot, then the businesses can start to turn around!!
@zdj+17rjCKDf. That's obviously not true, otherwise the whole C-suite would have been replaced. There would also be some long time exec's (VP's and such) that would have been shown the door, regardless of GE's stance on diversity. Shuffling these execs around is just a shell game. The fat needs to be trimmed at ALL levels.
Culp's only objective is to turn it around and save GE. That's it. There is nothing that says he can't do it without cutting jobs or closing plants down. Even if the stock sky rockets, it still may not save your job. Anything attached to the old ways will probably be discarded.
Buy the stock and you will benefit when he does
LMFAO....The only thing Culp has done is renegotiate HIS contract to benefit from being an under performer. He benefits from the sale of bio pharma to Danaher (imagine that). He has no skin in the game!!!
Let’s talk on the 28th, after earnings release