It was the break-up that eluded a generation of General Electric Co insiders.
When Larry Culp, the first GE chief executive not to rise from within its ranks, convened a board meeting earlier this month to greenlight the split of the industrial conglomerateIt was a far cry from board meetings held in the 1980s and 1990s by one of.
"With the progress on the deleveraging, the progress with our operational transformation, the pandemic lifting ... there's no reason to wait a day," Culp told Reuters in an interview. "It's the right thing to do." , undertook a top-to-bottom review of GE's sprawling businesses and numerous profit-and-loss lines, people familiar with the matter said. Analysts and investors lauded him for improving GE's profitability.
"We can spin healthcare, we can do that first. That business is clearly performing well. We have some preparations on the shelf from the IPO a few years ago," Culp told Reuters.
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