Thread regarding GE Power layoffs

Waiting for the other shoe to drop

Culp will need to decide whether to fix GE’s power division or sc-ap it. David Kass, a finance professor at the University of Maryland, thinks he should sell it because of its “substantial” underperformance.“The remainder of GE can then be turned around,” Kass said. “GE should become a smaller company.”

Others think the power business could be salvaged. Scott Davis of Melius Research said the power unit is troubled enough that Culp might need to step in himself.

If he keeps GE Power, “Larry may need to effectively become the CEO,” Davis said, leaving the other

businesses to be run by deputies he trusts.

We are also wondering what's the CEO going to do with GE Power. BTW found this to be an excellent analysis of the challenges that await GE and their management.

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Post ID: @OP+VyREIQx

3 replies (most recent on top)

What? Are you even on this planet?

Post ID: @mbdp+VyREIQx

Hope GE sort it out this time.

Long live Alstom and Adam Kentro!

Post ID: @cdho+VyREIQx

WaPo piece was good.

They may list GE power as a separate tracking stock, keeping Aviation and HC in mothership. Or even sell power to BHGE and sell stake in combined company. BHGE is already in energy services and will pay premium for installed base.

Shrink power and focus on grid, consulting and battery/solar additions to gas/coal plants.

Fossil fuels in power gen are on decline. You don’t want to be the biggest player in shrinking market. Painful. Get out now and re enter after solar micro grids and evs disrupt the market. Get back by buying fastest growing disruptor.

If culp keeps power, he will be fired faster than jf

Post ID: @oas+VyREIQx

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