GE Will not Go Bankrupt at Mercy of Interest Rate Hikes

217 views · Published 19 November 2018 · 5:08 · Indexed 27 September 2026

Channel: Samuel Ezerzer · 2018 · News & Politics

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GE Will not Go Bankrupt at Mercy of Interest Rate Hikes
GE Will not Go Bankrupt if Interest Rate Stop Rising
The management changes come less than two months after the ouster of General Electric CEO John Flannery, who served just one year on the job. He was replaced by H. Lawrence Culp, former CEO of Danaher Corp.

"One of my top priorities is positioning our businesses to win, starting with GE Power," Culp said in a statement. "The leaders we are announcing today are exceptionally well suited to lead our new Gas Power and Power Portfolio teams in their efforts to deliver better customer outcomes and improve their execution and cost structures."
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