GE’s CEO Outlines Plan To Spin-Off Its Businesses

by Forbes Middle East Forbes Middle East - Business News

General Electrics (GE) CEO John Flannery indicated on Tuesday that he was planning to find ways to increase the value of the companys power, aviation and healthcare sectors.

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Reuters reported that Flannery responded to an analyst question on the subject by noting the possibility of separately traded assets really in any one of our units, if thats what made sense.
In November, Flannery stated that GE would shave down operations to power, healthcare and aviation, with plans to exit more than $20 billion in assets in the coming years to boost its performance. GE Power has pulled down GEs profits, with an 88% drop in the sectors profit in its last quarter, following a 51% drop in its third quarter of 2017.