General Electric CEO Larry Culp's Breakup Endgame
Barron's Streetwise
Barron's
4.7 • 1.6K Ratings
🗓️ 14 July 2023
⏱️ 31 minutes
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| 0:00.0 | Join the Wall Street Journal online October 12th for WSJ Pro Sustainable Business Forum |
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| 0:16.9 | WSJ.com slash sustainable business. No code required. That's WSJ.com slash sustainable business. |
| 0:27.0 | If you look at what we've done over the last five years, right? A hundred billion dollars |
| 0:30.8 | plus of deleverging. We weathered the pandemic. We're going through this separation, not to mention |
| 0:38.0 | the first time we've brought in an outside chairman CEO in the company's history. If the next five |
| 0:43.7 | years we have none of that to work through but can be wholly focused on the businesses so that |
| 0:49.4 | we're even better positioned to take advantage of those tailwinds. I think we're going to be in great shape. |
| 0:57.2 | Hello and welcome to the Baron Streetwise podcast. I'm Jack Howe and the voice you just heard |
| 1:03.1 | that's Larry Culp. He's the CEO of General Electric which is undergoing some profound changes |
| 1:09.7 | at the moment and whose stock is up more than 70% year to date. We're going to talk about that |
| 1:15.3 | and we'll say a few words about the broad stock market and earning season and meme stocks. |
| 1:22.9 | Listening in is our audio producer Meta. Hi Meta. Hi Jack. We were talking about some gloomy things. |
| 1:28.6 | There's been a lot of flooding around here. There has been earlier that we had a lot of smoke |
| 1:33.6 | blowing through the air from wildfires. It's getting nuts and you had found a bit of cheerful |
| 1:38.8 | pattern. Is it cheerful news? You had found a picker upper in browsing the headlines there. |
| 1:43.1 | What do you have for us? Well you tell me the headline is she's still surfboards by the seashore. |
| 1:49.2 | She's a sea otter and then it goes. California wildlife officials are hoping to apprehend |
| 1:55.2 | a five-year-old sea otter who has a knack for riding the waves after committing long-board larceny. |
| 2:00.9 | Okay first of all there's a plot twist right in the headline. I like that. There's an otter thief |
| 2:07.5 | surfer. I am wondering are there accomplices because it's a long board and an otter is kind of a |
... |
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