Can Larry Culp Fix GE?
Final Monday morning, Larry Culp did what he’s achieved dozens of occasions throughout his profession: discuss to a nervous group of workers as their newly minted boss. This time was totally different as a result of it wasn’t a company takeover. It simply felt like one.
Hours earlier, Common Electrical Co. had shocked tens of millions of buyers and 300,000 workers when it abruptly fired CEO John Flannery and introduced in Mr. Culp, who had joined the GE board in April, to save lots of the struggling conglomerate.
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