Larry Culp’s Positive Impact on General Electric
I am quoted in InvestorPlace on General Electric:
Is JPMorgan Right to Call the General Electric Stock Price “Wrong?”
With GE’s earnings report right around the corner, Culp’s positive influence simply cannot be underestimated. As University of Maryland’s Robert H. Smith School of Business Clinical Professor of Finance, David Kass, explained in an e-mail to InvestorPlace:
“CEO Larry Culp is beginning to turn GE around. There is optimism among investors that GE’s fourth quarter report to be issued on January 29 will show evidence of an improvement in corporate performance with revenues and earnings exceeding most analysts’ expectations. Culp had been lead director of GE before being promoted to CEO. Prior to that he had a stellar record of building and managing Danaher Corp. (NYSE:DHR), a Washington, DC based conglomerate.”