Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

GE’s latest earnings are a last-chance showing for its CEO

Amy Scott Jul 21, 2017
HTML EMBED:
COPY

GE’s latest earnings are a last-chance showing for its CEO

Amy Scott Jul 21, 2017
HTML EMBED:
COPY

General Electric is expected to report its second quarter earnings before the markets open today . It’ll be longtime CEO Jeffrey Immelt’s last chance to seal his legacy at the company before stepping down at the end of the month. GE’s stock has earned the distinction of being the worst performer in the Dow Jones Industrial Average during Immelt’s tenure. The challenge of boosting profits and GE’s many divisions will fall to incoming chief John Flannery.

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.