GE earnings fall ahead of CEO transition
General Electric reported lower second-quarter earnings Friday following a mixed performance of its industrial division as outgoing chief executive Jeff Immelt prepares to step down. GE in June announced that Immelt would step down as chief executive August 1, to be replaced by longtime executive John Flannery. GE has struggled to ignite strong growth in its industrial divisions after Immelt moved over the last two years to sell massive finance assets.
Source:: https://finance.yahoo.com/news/ge-earnings-fall-ahead-ceo-transition-113229902.html
