General Electric Co. is pursuing assets sales with “urgency” to reduce its high debt and is unsure when its ailing power business will hit bottom, Chief Executive Officer Larry Culp said in a television interview on Nov. 12, sending its shares down as much as 10 percent.
Culp is facing tough questions about GE’s financial strength and earnings prospects after he was named CEO on Oct. 1 with a mandate to turn around the 126-year-old conglomerate.
