as someone I admired (who left GE) used to put it, very insightfully: "GE is an operations' company, run by finance'. Forget any industrial (digital?) strategy, forget a truly customer-centric approach, forget the technological leadership. The company is the sum of thousands of operations (often repetitive, many times ultra complex, and anyway poorly executed), more or less coordinated by finance guys who want to maximise the quarterly returns. As Buffet says, the market is always right...so there is very valid reason why the stock is where it is. I don't think the senior leadership of the company has fully grasped how bad the situation is. I work in Healthcare in Europe, and even if the business is doing ok (for the moment), I do not see around me the sense of urgency that the situation requires. At the end, the vast majority of SEB+ are just not up to the task. They grew up and were promoted during the times when markets were booming. They just had to execute, and nobody asked them if they did better or worse than the market (in fact, they did worse). They are kind of hiding now, because just unable to handle the situation. The present situation should be their ultimate test of "leadership". It should be the once in a lifetime occasion when they prove how good they are. But these "uber leaders" are simply failing. There is no blog, no all employee broadcast, no "message from your leader" that can hide their mediocrity
Well put by @QGWN5pi-pqc.