General Electric: Watch But Don't Buy

General Electric (GE) has been anything but electric in 2017, with the stock down over 25% year to date. The prior CEO Jeff Immelt, announced in June that he would be stepping down from his position at GE, being replaced by John Flannery. Mr. Flannery began his career with GE Capital in 1987 and was the current president and CEO of GE Healthcare prior to becoming the new CEO on August 1st. This was seen as a long time coming for numerous shareholders who became fed up with the lack of performance while Immelt was in the position. With Immelt at the helm, the stock decreased approximately 40% during his tenure. Now that GE has cleaned house, will John Flannery be able to steer this industrial giant in the right direction?

READ FULL ARTICLE HERE

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.