New CEO of GE Thinks GE Is A Real POS

Looking at it now, John Flannery can't believe he even took this terrible gig.
Author:
Updated:
Original:

When he took over as the boss man at General Electric in August, John Flannery must have felt at least a subtle jolt of excitement that he was stepping into an iconic role of American business.

Johnflannery.Disaster

As a GE lifer who came up in the age of Welch and ran everything from Latin America to India to M&A under Jeff Immelt, Flannery must have felt like he knew GE inside out. It also stands to reason that Flannery was also aware that things weren't as golden as they once were, but GE is an American institution and Flannery knows that the CEO must appear as the Platonic ideal of a smiling, charming All-American executive who will also chop your head off in pursuit of profit, aka Six Sigma.

But here's what John Flannery sounded like talking about GE's results on his first earnings call as CEO:

General Electric CEO John Flannery told CNBC on Friday that everything in the company is up for review and its current cash flow is "horrible."
"I've spent really 90 days [in] an exhaustive review of the company," Flannery said after the company posted earnings that fell far short of Wall Street's expectations.

Daaaaaaaamn. Is anyone else getting the feeling like John Flannery is behaving like Jeff Immelt lit a bag of dogshit on his front porch and rang the doorbell?

This does not sound like a man who's had the time to fully process his feelings about what is going on at GE.

"The businesses, our culture, corporate spending. Everything in the company has been up for examination. Every stone turned. No sacred cows," Flannery added in an interview on "Squawk on the Street."

John Flannery is ready to strip this motherfucker down to the studs, ya heard! If he's gotta use incense to exorcise the ghost of Welch, he's gonna grab some Patchouli and light it up! But he's buying it in bulk, and it better be a good deal because he's got real cash flow problems and, like, GE is a fucking mess.

GE CEO John Flannery says current cash flow is 'horrible' [CNBC]

Related