GE Investors Aren't Impressed by the New CEO's Sweeping Revamp
- Investors wonder if new CEO’s turnaround moves are enough
- Company cuts payout for second time since the Great Depression
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Even before John Flannery began talking, Monday looked like another bad day for General Electric Co.
It began around 6:30 a.m., with news that GE, once one of the most celebrated U.S. companies, was cutting its quarterly stock dividend for only the second time since the Great Depression.