GE Power is dragging down the entire company because of decades of bad management
Bloated beauracracy increased head count from 32,000 to 65,000 employees where they are now making less than 30% of the steam and gas turbines they made a decade ago. Atlanta is a mess of inept beaucracy with little expertise and no manufacturing, only overhead.
Unfortunately there will be huge layoffs across the board because Power income dropping and cash flow evaporating. Earnings expected to drop another 88% in 2018 after dropping 55% in 2017.
Q1 earnings call soon will be a disaster and the beginning of huge layoffs