Watch CNBC's full interview with General Electric's Larry Culp
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- Опубликовано: 11 ноя 2018
- CNBC's David Faber sits down with General Electric CEO Larry Culp to discuss the company's future outlook and what the company is doing to turnaround the stock.
I think he is the one to right the ship. Despite it listing badly, his experience, know-how and commitment to a vision of where he sees the company down the road, is intact and cannot be disputed. His humility is also key. If he came across as some arrogant know-it-all, I'd have been very concerned. Direction and positive leadership abilities are essential. I believe he has both. Strip the company to its base essence of strength and start building upwards.
World class CEO!
Woah finally a CEO accepting the facts and not starting with growing business. Great
Looks like a very smart guy, more intelligence than the past two. Less arrogance than JW. Investors should have confidence on L Culp, a Harvard business man!
buy the pessimism sell the optimism
Fantastic questions from the host
Harry Marcopolos has just called your bluff Larry. Please now respond to the SCC.
I love how Cramer and Tusa walked the stock down in 2018, and then here comes January 2019 and suddenly GE's stock has its best month ever - the gross manipulation of this stock is criminal
this guy makes me wanna buy GE
Albert, a few months ago I said when GE hit $8.50 I was going to buy. Now I'm going to wait because I believe it's going lower. When the dust settles I am going to load up.
@@Gold-oj8do How far can it go down
@@j2hsieh Hard to tell, but Warren Buffett hasn't been interested in it yet. In March of 2009 it went to around $5.50. I was buying the stock then. Might go to $3.00 or $4.00. It's sad that a company of this size is coming apart, but if they can hang on (and I think they will) this can be a tremendous buy.
I know...
Don't listen to dishonest persons , try Markopolos instead.
Gotta take short term losses to get this shit back on track..he knows what he is doing..I'm long on the stock. Especially in the 6-7 dollar range
Good luck being long. I recommend you find out the real why their shares are in the toilet. Some answers may be right under your nose.
Never try to catch a falling knife !!! when the blood bath is over... you´ll have a lot of time to enter safely.
@@santiagomunpz6073 But when do you get to know that the bloodbath is over? At $0? I don't think it will reach there, so I think at $6-$7, it's a good time to buy. This company is the definition of American capitalism, the American dream, American culture, it represents the spirit of the US. It's not going to get dissolved just like that. And Larry makes sense, hopefully, he will be able to execute what he is saying.
@@stephaniehale946 you say it... Is The definition of USA capitalism.... That capitalism And those methods that are very old... Comercial war.. Huawei cfo... Is The last part of the empire... I think its a great chance of bankrupt... General motors bankrupt in 2008... Lehman... Bear sterns... And also LTCP The only hedge fund with 2 económic nobel price... I need to see a clear pattern in The chart of ge....... Besides all of that... You trust your money with that CEO? Its nervous... Doesnt seem he knows whats happening... If GE wants to rebirth And not die... They need a CEO like musk...
@@santiagomunpz6073 As much as I love Musk, you can't bring his craziness into GE at this point in time, where a more traditional and basic approach is needed to rebuild and rise again. GE doesn't have anything to do with Mars or Musk. They need to focus on what works and what's profitable and get rid of as much as they can what's not profitable and is not working, including substantial downsizing. Having said that, I can certainly see a scenario like General Motors, where the company still exists and is fairly doing good now, so Chapter 11 is not off the table. However, I can't see a scenario like Lehman Brothers in 2008, where people, government, and corporations just let it die. That was cruel. They had an opportunity to save the company, but they didn't for whatever political reasons.
Fantastic CEO! Right guy for the job!
im a young American who will invest into GE. our great American pride is back and deep down i believe in GE will rise . loading up !
lunabird89 if you invested you get WAB Shares Tommorow
He can do but the question is is it too late? Flannery and Immelt have done a ton of damage especially by buying Alstom Power (the whole reason power is a disaster). In order to turn this around the power sector needs to be downsized considerably by getting rid of all the French assets.
its difficult job. kudos to Mr Larry Culp
What's "free cat flow"? 2:14.
Those cats...
As a shareholder, I would have been more comforted if he didn't look like a pet owner at the vet who looked under the blanket at the family dog that had been run over by a an 18 wheeler and then had his daughter ask, "Is Fluffy going to be OK?"
Time for a new puppy because fluffy’s gone to heaven :-/
LOL!
IS THERE ANY HOPE/SALVATION FOR GE?
Buffet would do the same as 2008, give GE what GE needs (and Buffet get what he want=good business over time)
I am buying. Waiting for mid 7s
Hope he packed a lunch.
0:08 Culp has a huge head. Compare Faber’s head to Culp’s in the two shot. Culp is a tad closer to the camera, but still.
He's just a bigger person overall
Look at the body also. Looks like a gigant compare Faber
The only way to save ge is to file chapter 11 and restructure like gm. Too bad the shareholders will be wiped out.
1 year later... still waiting
Where is that Chapter 11
david faber is sharp
no offense but looks like deer staring at the headlight.
This guy seems genuine enough, but I'm not going near that stock. Maybe at 5.00, maybe. But don't spend everything off...
If he was all that smart, he likely would have rejected the board and ceo postions all together.
"The team is going to continue to evolve"...LOL...dust off your resumes folks.
If those assets were really good, Warren Buffett should have bought them already
Tesla is the new GE, the GE of the 21. century
Jeff Immelt bought everything at a premium... now there's going to be a Fire Sale...
Oil all over
It was several years
Transportation Business
Ok cash is there
Where ? In some offshore-hidings like by Enron ?
How low can these CEO's and CFO's go ? They are paid millions a year and still they cannot leave the pensioner's money alone.
Bullish
at least he doesn't seem to be similar bullshit-artist like immelt.
He is doing a good job.
Who ? the interviewer or CEO Larry Culp (-able) ?
@@0118uhauha both
Here is the church, here is the steeple, open the door and see all the "yes people". Didn't Edison have the first electric car? Or was it long term care insurance? How do you get paid 10's of millions for doing such a bad job? Right back to and including Welch....
Never mind reactors that may need to be recalled, Fukashima, how about toxic financial assets? We know what we know, we know what we don't know, but the problem is we don't know what we don't know. The only people buying the stock now are those thinking the stock has bottomed due to tax loss selling. Who's going to be buying in January? I say it goes under $5 in January. Plus you have a lot of women employed, just collecting a check to shield against lawsuits.
Look how dry his mouth is. Looks nervous as SELL!!!
he calls it "the challenge of a lifetime" and that tells me he takes his role of turning it around very seriously
CNBS is happy that he will talk to them...?!?! HE seems to be happy as well..., because he knows he should be in JAIL!
Read a book . He only just became a CEO of the company this has nothing to do with him