Things are not very good when your Chairman and CEO has to say on the company’s earnings call that he “aims to earn back investor trust in 2018.”
That, however, is exactly what General Electric’s leader John Flannery stated on his Friday morning conference call to shareholders.
Mr. Flannery has been the head of General Electric (NYSE: GE) for nine and one-half months and he still finds it necessary to say that he “aims to earn back investor trust.”
And, then he said: “he continues to examine the company’s structure and promised to detail his plan in coming months.”
Where has Mr. Flannery been for the last 31 years that he has been employed at General Electric? This performance does not increase my confidence in Mr. Flannery - or his team - one bit.
