CEO presented at Electrical Products Group Conference (May 22nd)

I took some time to listen to the presentation of our beloved leader at the latest Electrical Products Group Conference.

You can listen to the recording here:

http://wsw.com/webcast/epg2019/ge/

Three things jump out of this presentation:

First: Power and Renewables are bleeding money and will keep bleeding money for the next two years. Only Aviation and Healthcare are cash flow positive.

Second: Tusa knows better our company than our CEO. There is a point (32:20) where the following exchange took place:

Tusa: Can you compete at this business at 2% R&D?

Larry: I don't know where you get that number...

Tusa: 10-K

Third: Layoffs are not over. There is a point (38:09) when Larry said:

"We are down a thousand heads in power just this year, OK. We are not done"

Feel free to draw your own conclusions.

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6 replies (most recent on top)

Wouldn't be surprised if the profanity troll was a union rep...

but the real story is that it is game over

The guy with the foul mouth is an id--t

Someone runs interference here by using profanity – most likely, to get the thread deleted.

My favorite part was when he said, "People at GE want me to talk about culture. I told them that I'm not going to talk about culture." And then, paraphrasing, "We will focus and do the things we need to do and that will be the culture."

Real news. A good personal summary with a link. Awesome.

Thread regarding General Electric Co. layoffs

CEO presented at Electrical Products Group Conference (May 22nd)

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