- Previous Rank41
- Revenues ($M)$120,268.00
- Revenue Percent Change-1.6%
- Profits ($M)$-22,355.00
- Profits Percent Change-
- Assets ($M)$309,129.00
When 2018 began, GE shareholders must have wondered if things could possibly get any worse. They soon found out. Years of poor capital allocation and mismanagement were catching up with GE; the stock lost almost half its value in 2017 and then lost more than half again in 2018. In desperation, CEO John Flannery began selling assets, planning to pare the company down to its jet engine and electric power businesses. But in October he abruptly retired, succeeded by former Danaher CEO Larry Culp. Adding insult to injury: The Dow Jones Industrial Average booted GE as a component after 110 years.
H. Lawrence Culp Jr.
|Years on Global 500 List||25|
Key Financials (Last Fiscal Year)
|($ Millions)||% change|
|Total Stockholder Equity ($M)||$30,981.00||-|
|Profit as % of Revenues||-18.6%|
|Profits as % of Assets||-7.2%|
|Profits as % of Stockholder Equity||-72.2%|