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John FlanneryGE today dropped a bombshell on Wall Street, dumping CEO John Flannery, 56, after a 14-year stint and replacing him with the first outsider to head the storied company.
Larry Culp, the 55-year-old CEO of Danaher Corp and GE director, moves into the CEO office that has been vacated by Flannery, whose tenure in the top spot is the shortest in GE’s 126-year history.
In firing Flannery, GE announced that while most of its businesses are “generally performing consistently with previous guidance,” weaker results in the power unit will lead to a $23B non-cash goodwill impairment charge.
The conglomerate’s management shake-up release omits the customary boilerplate about thanking Flannery for his 31 years of service.
The ousted exec joined GE Capital in 1987, headed business development in 2013 where he engineered the largest industrial acquisition (Alstrom) in GE's history and beginning in 2014 guided the turnaround of GE healthcare before assuming the helm from Jeff Immelt in August 2017.
If you’re like a lot of people, you have been obsessed with “Love Story,” the FX series that has been airing for the past eight weeks about JFK Jr. and Carolyn Bessette. But why didn’t Kennedy use crisis PR to deal with the paparazzi, the news media and the tabloids?
Much is made of the importance of proper planning to anticipate and manage a crisis—but what matters most is understanding how decisions will be made once the crisis is underway.
Slow and procedural messaging without emotional resonance, fragmented leadership communication, overwhelming policy‑heavy language and a pervasive gap between words and observable action have repeatedly undermined corporate credibility.
New York Magazine profiles 78-year-old Peggy Siegal, who was once among the most powerful publicists in the Big Apple, in an article headlined: "The Grand Dame of the Epstein Files.”
