GE’s challenges linger as superstar CEO reaches one-year mark

Richard Clough

10/01/2019

ONE YEAR into GE's CEO Larry Culp's tenure with the company, GE's stock is trading 19% lower than when he started, despite his turnaround measures. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

NEW YORK – A year ago, General Electric Co.’s investors cheered the appointment of Larry Culp as the right move to fix the broken company. But the payoff is taking time to materialize, with GE trading 19% below its level when Culp took the reins. While the Wall Street darling has taken steps to shore…

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