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Will a New CEO Help General Electric Company (GE) Stock?

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Will a New CEO Help General Electric Company (GE) Stock?On Monday morning, General Electric Company (NYSE: GE) announced it is replacing its CEO, taking a $23 billion charge related to its power business and cutting its full-year earnings guidance. Investors took GE’s transparency and aggressive management change as good news, but analysts say the company will have to demonstrate that its new strategies can stabilize or grow profits before the stock is safe for long-term investors. After only about a year on the job, GE announced CEO John Flannery is stepping down and will be replaced by former Danaher Corp. CEO Lawrence Culp.