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General Electric not dead, just busy being boring

by The Lex ColumnThe once-admired US company has seen a horror show of earnings restatements, corporate governance failures, and billion-dollar charges.

The shares are down more than 50 per cent in the past two years, an inexplicable result given strong global economic growth.

Late on Friday (AEST), however, Mr Flannery reported a mixed but refreshingly unsurprising picture.

GE is an industrial conglomerate that is meant to capitalise on an urbanising world thanks to superior management.

But GE's gas turbine business, which includes the $US10bn acquisition of Alstom, continues to be a mess.

The company plans to sell assets with $US20bn in revenue deemed non-core, a continuation of portfolio trimming that has gone on for years.

This, ultimately, may be the galvanic shock needed to return GE businesses fully to the land of the living.

READ MORE (The Australian Financial Review)

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General Electric not dead, just busy being boring


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