GE CEO Says Dividend Is a Priority

The transcript discusses General Electric's (GE) challenges with prioritizing dividends amidst shareholder concerns and low expectations. It highlights the company's restructuring efforts under John Flannery, aiming for a smaller, more focused operation. The discussion covers GE's operational challenges, including balancing business performance across different sectors. The transcript also addresses cost-cutting measures to reduce overhead and excess costs, emphasizing the need for strategic changes to improve financial health.

What issues did GE face in their power business as mentioned in the text?

What were the implications of the previous CEO's cost-cutting goals for GE?