GE chief thinks about breaking up the company after $6.2-billion setback

By Bloomberg via the Los Angeles Times

Jan 17, 2018

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General Electric Co.’s new boss said he’s weighing potentially dramatic changes, including a breakup of the company 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 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.”

Read the full story at latimes.com.

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