Deals
GE CEO Renews Pledge to Study Breakup After $6.2 Billion Stumble
- Flannery says he’ll weigh all options for iconic manufacturer
- Company to take charge related insurance for long-term care
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General Electric Co.’s new boss said he’s weighing potentially dramatic changes including a breakup into separate businesses, after the iconic manufacturer said it would take a major charge related to a legacy insurance operation.
“We are looking aggressively at the best structure or structures for our portfolio to maximize the potential of our businesses,” Chief Executive Officer John Flannery said Tuesday on a conference call with analysts. A review “could result in many, many different permutations, including separately traded assets really in any one of our units, if that’s what made sense.”