GE Investors Aren't Impressed by the New CEO's Sweeping Revamp

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GE Investors Aren't Impressed by the New CEO's Sweeping Revamp
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Then things got worse. In front of hundreds of investors in Midtown Manhattan, the new CEO delivered his long-awaited plan to shrink the beleaguered company back into Wall Street's good graces. GE, he said, would now focus on just three businesses -- power, aviation and health-care equipment -- and exit others that have helped define the quintessential American conglomerate for decades.

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