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General Electric: What’s an industrial conglomerate to do?

SEBASTIEN BOZON/AFP/Getty Images

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General Electric told investors Monday it has ousted CEO John Flannery after only about a year in the job. The company said it’s also going to miss profit forecasts this year. These are tough times at one of America’s most iconic businesses, which raises the question: What is the role of an industrial conglomerate like GE in today’s economy?

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