Summary
- The picture coming out of General Electric these days is not very encouraging and not very thorough.
- Larry Culp, GE CEO, is still not telling us much about the future vision he sees and continues to allude to the problems of moving rapidly beyond its current difficulties.
- This is why the GE stock price is still about 20 percent below where it was before Mr. Culp and will continue to stay there until a vision is presented.
Well, we are getting more and more of a picture of what General Electric Co. (NYSE: GE) looks like from the inside.
Larry Culp, GE CEO, spoke on a conference call Thursday, and fundamentally told the world, “This is a game of inches, every single day.”
In his own way, Mr. Culp is telling us that the situation inside of General Electric was much worse than most believed it to be.
This is very important, because Mr. Culp is going through the most difficult portion of his time as the leader of General Electric. In a turnaround situation, the time between the “new person” taking over and his delivery of the “new “vision for a company is crucial. It is a time in which investors make a decision to “trust” the new chief, or to develop a skeptical attitude toward the new leader.
