In the last call with investors GE Aviation CEO said: "Yes. Look, on our guidance for segment margin, as you know, we continue to ramp LEAP. And LEAP is going to mix adversely in our commercial portfolio. Why? We've been building CFMs for the last 20... — read more
Cited from Marketwatch- For GE Power
GE’s power business, the company guided 2019 FCF to be “down,” or more negative than the negative $2.7 billion in 2018, with 2020 expected to be “significantly better but negative.” Within power, GE said its gas business is starting to see progress... — read more
Anyone see the read the article about government ok the pension buyouts?
Did anyone read the news article about government ok the idea of pension buyouts?? You think that will affect us at GE??
What’s next to be restructured?
Wondering what is next on the leadership’s plan for restructuring. What part of the company could they reorganize, divide, sell after Power? Allso, What implications could the future reorgs have on the workers?
Power- New unit Leadership taking over
Difficult again to watch at the Senior Level as Strazik and his buddies take over the business. Stripping Services organizationally in all areas like the the new units Leaders understand services even though most of them haven’t lived it. As an... — read more
GE Pads the Books...
https://www.wsj.com/articles/how-ge-built-up-and-wrote-down-22-billion-in-assets-11552469401?mod=article_inline&mod=hp_lead_pos3 As someone who watched their manager pad the books and change numbers to help build this "goodwill" disparity... its... — read more
How much could the recent Boeing disaster impact GE?
Saw some people already posting on this issue, but I was wondering how much really could this disaster impact GE as a company. Planes with GE engines have fallen before, and yet Aviation is still there. Is it possible that we are just worrying too... — read more
No. If it isn’t obvious already...
No. If it isn’t obvious already there is no loyalty to you from the company. Just because you didn’t look for a new job doesn’t mean they’ll reward you. Source: given lay-off letter recently and it was the bare minimum. A good comment by @Y2OPjLN-pax — read more
Lay-off Package Reward for Staying the Course?
Any speculation that the remaining layoff packages will be better than last year to reward the employees for remaining loyal to GE and helping turn the business around? Flannery and Stokes told us why to remain; pride, commitment, desire to see this... — read more
Any layoffs rumored for March?
I apologize if this was already a topic on this board.I don’t visit it very often and I really couldn’t find anything on the subject, while scrolling through the threads. Anything rumored in March?
With Boeing Crashes and Grounding, Aviation's Profitability Will Feel Pressure!
With GE Aviation being one of last profitable businesses the crashes of 737 with LEAP will result in profitability and Tusa's stock prediction of $6 per share is more likely. ......... Boeing shares fall sharply after second deadly 737 MAX 8 crash... — read more
How about a little competition of clarity?
Of all of the GE CEO’s who has produced the greatest employee and investor well-being per total lifetime compensation? Please provide figures to support your choice. The greatest number of employees making a living from the company combined with the... — read more
More ill winds blow for Aviation
https://www.wsj.com/articles/ethiopian-airlines-flight-crashes-en-route-to-nairobi-11552207841 Another 737 with new GE engines...
Change starts at top Years of bad Culture won’t change overnight
Worshiping execs is institutional at GE. Both line managers and GM levels practice and preach kowtowing to “leaders” just to avoid any trouble. No honesty in either direction. People bad mouth the “leaders” as soon as they leave and leaders bad mouth... — read more
Writing is in the wall for Power check this section of an article
A clip from a post from CEO of GE. More layoffs are coming and very soon for Power. Meanwhile, GE's short-term cash flow issues don't have much bearing on its long-term cash flow potential. For example, the power segment is hemorrhaging cash right... — read more
When can we expect the layoffs at GE Gas Power to begin?
I admit I’m getting a bit anxious after I heard about the layoffs, so I would like that this happens as soon as possible. Much better than living i fear. When do you think the big wave will hit?
Let GE know
Don’t you get tired of layoff after layoff. You can’t cut your way to prosperity. Where is the pipeline of products that will be the future? Edison is rolling in his grave watching this mess. Wouldn’t it make sense to all walk off the job until Culp... — read more
Ego...gets you every time
Ego...gets you every time. They feel it is a do as I say not as I do right of passage. Egos were what ruined this what was once a great company. Culture not changing at top. Culp needs to bring in more outside big Leaders...fix the culture of... — read more
Another round of layoffs coming in Gas Power
Get ready... here it comes 10-15%. Going after the frontline again....wonder when they get rid of all the people that are actually doing the work, the remaining Chiefs...( SEB and above) will realize they have no one to direct, prepare their... — read more
SEB/ Officer Indoctrination
Is there some special class that GE sends SEB and above where once they reach that level they lose all their social skills and ability to even acknowledge those below them in the hallway? Are they now just robots or do they all feel now that they’ve... — read more
Where is SEB when you need him?
Wear, or wear, is SEB when we knead him? Wot happened to him? No nu posts?
This leadership only slowed the free fall down a little but not nearly enough
I believed in this leadership for a while, but as time goes on ti’s becoming more and more obvious that there is no revival strategy in play and that there is only chopping up parts of the company to free some cash flow and keep us afloat, but in... — read more
Huge Headcount reduction in Power in 2019
The negative cashflow of GE in 2019 will be due to the huge headcount reduction in Power. How can a business running in losses for last few years afford to employ 60k to 70k employees, some of them coming to work just to warm their seats!! Look at... — read more
Cash flow issue fault of legacy leaders. Time to bring in new
Culp probably is on the right path as he is an outsider. To really turn the ship he needs to make wholesale changes in the Officer and SEB levels. Miller, Stokes, Strazik and others should be shown the door with no golden chute
Culp said the free cash flow will be worse in 2019 for Power
Free Cash Flow Will Be More In 2019 Than The $2.7 Billion Last Year. More layoffs in the works for the 301 get that white powdery stuff on the mirror chop it and SNIFF HARD.
Washington State to ban Natural Gas Powergen
http://newstalk870.am/clean-energy-bill-passes-wa-state-senate-would-eliminate-natural-gas/ Not just new plants, but also current ones by 2025. Other states to follow...
Culp's comment.
The chief executive officer of General Electric Co., Larry Culp, said on Tuesday that the company's free cash flow will be negative in the current year, causing stocks to plunge over 7%. Immelt was never this transparent.
EU-506
UE 506 stay strong. Please look at past negotiations! Your jobs will be going overseas regardless, GE sold Salem site the Competitive Wage Agreement nonsense. 8yrs later site closing, going to India. I watched for 8yrs someone doing less ,earning... — read more
GAAP vs Non-GAAP numbers
In his letter to shareholders Mr. Cull has provided both GAAP and Non- GAAP numbers. The difference between the two is for everyone to see. Just because you are a great company with great team, technology and network you cannot take the liberty to... — read more
Strategic buyers pay more than financial buyers
As somebody else said, this is the best deal GE has done in the last 20 years, and everyone should be happy about it. Instead of going through an IPO process that might drag out or that might not net as much cash as desired, he did a clean sale of a... — read more
Reapplying after layoff?
Ran into a former coworker - who is doing great after being laid off, by the way - and as we were talking about GE he mentioned he was given an option to reapply right after he was laid off. Now, he has no reason to lie to me, so I believe him, but I... — read more
Firesale Continues | Culp Sells BioTech Unit to Former Company Danaher
Will there be a GE left when Culp gets done selling pieces off??? ... GE shares surge 10% after Danaher agrees to buy biopharma business for $21.4 billion Danaher will buy the biopharmaceutical business of General Electric in a $21.4 billion deal... — read more
Why Finance CASholes so obessed with CFO title
When I moved to GE, I was told that I will be working for the CFO. Later did I find that every d--k is a CFO (Chief Fuc*ing Officer). I was so disgraced reporting to these low IQ r----ds (just because they were part of some "elite" CAS program)... — read more
Schenctady NY
Big money announced to be spent in the birthplace of GE. Over 2 million for re organization of shop layout. Looks like Schenectady is not going anywhere!! Well done IUE 301 work force, for making the right choices to please the powers that make such... — read more
Another hog at the trough...
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bizjournals.com/boston/news/2019/02/21/longtime-hp-exec-joining-ge-board.amp.html&ved=2ahUKEwiL7puMj9DgAhXvTN8KHUoQAQEQ0PADMAZ6BAgDEA8&usg=AOvVaw1-9NE0BY87ewN7Wdv7SbX2&cf=1 — read more
Principles of "Jeff"onomics
Principles of "Jeff"onomics Buy high , sell ( write off) low ... every acquisition deal except Enron / Zond wind acquisition Buy back stock with cash ( $24B in ,'16/17 ) screw up debt ratio, credit rating , then screw investors ( both dividend wise... — read more
More of the same. Why necessary to recycle "leaders"
Clark at Data now FP&A? Didn't do anything at Digital why reward and keep? Attempting to screw up more finances?
No one should be surprised at the penny dividend
There is no cash for dividends let alone operating needs and debt which is coming due. This is exactly why I sold the stock when it was between $30-32 and have not bought back in yet. There is not enough cash to retire the corporate bonds that are... — read more
wow...just got GE announcement their dividend ..0.01 /share
Not sure I would waste my time putting out a press release for 0.01 / share. I understand the need to make the announcement but at 0.04 per year per share total. Keep your money GE. What a damn slap in your face. We keep hearing FCF is tight why not... — read more
Doomsday In Greenville
Sooner it will be in Upstate NY as the clueless salary team is running this place like a coffee house. No one knows what they are doing but think that if people do more they would save the companies sales team for under bidding on big projects and... — read more