, Columnist
GE's Fun With Numbers May Be Next to Go
After a management shake-up, a painful earnings reset looms.
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At General Electric Co., it's out with the old and in with the new. And its looking increasingly likely that some of the "old" on the way out could include the industrial giant's accounting methods and dividend.
GE rounded out a bunch of management changes by designating Rafael Santana head of its transportation business on Monday. The former leader of that business, Jamie Miller, was named CFO of the entire company on Oct. 6 after Jeff Bornstein said he was stepping down. Bornstein's departure comes just months after new CEO John Flannery (himself having only been on the job since August) hailed him as a partner in his effort to mend GE's languishing stock price and worrisome cash flow trends.