GE Raises 2019 Forecast as 2Q Earnings Beat Expectations

The transcript discusses the stabilization of a power unit, highlighting an operating profit and improved cash flow. It covers restructuring efforts, cost-cutting measures, and challenges with inherited contracts. The discussion includes leadership changes, specifically the transition of CFO Jamie Miller, and the implications for the company's strategy and investor sentiment.

What was the significant change in the company's guidance for the year?

Why was John Flannery ousted from his position?

What challenges did the company face with their inherited contracts?

What was the reaction of investors to the stepping down of CFO Jamie Miller?

How did the speaker describe the environment for CEOs and CFOs in the company?