Nardelli Says GE Turnaround Is a 'Herculean Task'

The transcript discusses the challenges faced by GE, including a significant decline in market cap over 16 years. It highlights the cultural environment at GE and the role of John Flannery in steering the company towards profitability. The discussion covers financial strategies, asset sales, and tax implications, emphasizing the need for cash generation. The future outlook is uncertain, with expectations managed over years rather than quarters, as GE aims to recover and compete with other Dow companies.

What was the speaker's sentiment about the culture at GE during their tenure?

• It was supportive and collegiately competitive.

• It was relaxed and non-competitive.

• It was disorganized and chaotic.

• It was highly competitive and cutthroat.

What is one of the major tasks John Flannery faces as the new leader of GE?

• Increasing the company's debt.

• Reducing the company's workforce.

• Expanding into new markets.

• Generating cash to meet liabilities.

Why is the volume of bookings and delivery dates important for GE?

• To determine the company's market share.

• To assess the company's brand value.

• To generate the necessary cash flow.

• To evaluate employee performance.

How long does John Flannery suggest the recovery process for GE might take?

• Several years.

• A few months.

• A single fiscal year.

• A couple of weeks.

What must GE recover before becoming competitive with other Dow companies?

• 40% of its market value.

• 60% of its market value.

• 20% of its market value.

• 80% of its market value.