CNBC |
GE shares pop 16% after company dumps Flannery as CEO, takes $23 billion charge for power business
CNBC General Electric abruptly removed John Flannery as chairman and CEO on Monday and installed Lawrence Culp as his successor. At the same time, GE said it will take a $23 billion non-cash charge for its struggling power business. The industrial ... GE Ousts CEO John Flannery, Discloses Deeper Problems in Power Unit H. Lawrence Culp, Jr. Named Chairman and CEO of GE GE's stock soars after CEO Flannery replaced, to take a near $23 billion impairment charge |
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