GE should divest businesses within power that have sales under $1B and struggling like nuclear.
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I think you are failing to note that power, at least for the finite future is a low margin business. That is why Siemens is spinning off Power to go its own way.
Don't you think Culp and the Board have thought if divesting low margin businesses? Problem with that is you 1. Have find a willing buyer, 2. Buyer has to see a path (layoffs, synergy, market share) to improve that low margin business. 3. GE has to get a price it is willing to accept without writing the whole business off.
With regard to Nuclear, it will be tough to divest (and no the Chinese won't be allowed to buy it) and the lawsuit was generated buy lawyers flocking to the docks when the ship came to it's home port. It is DOA and they are trying to trigger a settlement payment.
Judge already dismissed all lawsuits on this. No effect on G.E. Chinese will buy G.E. Nuclear business very soon.
I guess GE is stuck with Nuclear.
The lawsuits against GE on behalf of the irradiated US Navy Sailors and US Marines is at at least $6 Billion of potentially risk.
Here is the story with more details.
https://www.mintpressnews.com/fukushima-fallout-the-irradiated-sailors-of-the-uss-ronald-reagan/238590/
Don’t think GE will be allowed to sell Nuclear especially with all the sick and dying US Navy Sailors and US Marines who were irradiated when trying to help during the disaster.
The legal liability will turn out just like the long term care disaster with the company being stuck with the negative financial consequences for decades.
Besides who would agree to buy it after Fukushima as well as after seeing the bankruptcy of Westinghouse?
GE will have to give a large chunk of cash to any buyer as well as assume risks from past decisions. The company does not have enough liquidity at present to do something like that so the only option is a runoff of operations decision.