Will the split just split the problems we having in three?
5 replies (most recent on top)
Really, it’s about the money huh?
How do you explain the lowered GE stock price target for the Chairman Larry Culp to be paid his $250 million dollar bonus??
Or the fact that Kieran Murphy made a whopping $13,080,452 in total compensation as Senior Vice President; President and Chief Executive Officer, GE Healthcare at General Electric Co. in 2020.
The breakup is the only hope employees have that the respective divisions can be turned around.
Jack Welch was no more than a snake oil salesman who knew how to play accounting shell games well.
What is needed is focussed businesses that will succeed by being good at what they do.
The hard part is jettisoning the phonies and changing the culture.
https://www.marketwatch.com/amp/story/ges-ceo-could-make-a-fortune-when-the-company-splits-into-3-11636638951
It most certainly is. So glad to see this POS stock price under $100.00 after the 1 for 8 reverse split. There is an article detailing of how Larry Culp stands to earn even more millions as a result of the break-up of GE. What a joke!!!