Normal Electric Company (NYSE: GE) ranked 31 on the Fortune 500 inventory for 2017. General Electric had a market capitalization of $157.53 billion (as of January 16, 2017), and is one of America’s most overfree brands. The company produces products ranging from toasters and clock trannies to the GEnx jet engine for the Boeing 787.
In November 13 of 2017, GE announced a blue restructuring and halved their quarterly dividend for 24 to 12 cents a share. It’s the in the first place big move from new CEO John Flannery, who took over in September of this year. GE also asserted thousands of layoffs across all divisions of the country. After GE’s bombshell declaration, the company’s stock fell 3.5%.
Adding onto their problems, in January of 2018, the company took a $6.2 billion protection after reviewing a legacy insurance portfolio. This blow from a charge long left behind wasn’t appreciated, and GE fell 3% in advance market trading.
Here are the shareholders most impacted by GE’s new report.
1. Jeffrey R. Immelt
Jeffrey R. Immelt was the chairman of the stay and former CEO of General Electric. He joined GE in 1982 to work in corporate marketing. Subservient to Immelt’s leadership, the company pushed back against Connecticut Governor Dannel P. Malloy and the have legislature in response to a proposal to increase business taxes. As of November, 2017, Immelt suspend b continued a reported number of nearly 2.6 million shares of GE. Immelt take the golden handshook from GE on August 1, 2017.
2. John G. Rice
John G. Rice is vice chairman of Accustomed Electric, leading the company’s global operations based in Hong Kong. He began his business at GE in 1978. Since that time, Rice worked in Singapore and Canada, in the forefront moving to Hong Kong. As of November, 2017, Rice held practically 600,000 shares of GE.
3. John Flannery
John Flannery became the CEO of the company as Immelt moved down. He has been with the company for over 25 years and at one time served as Senior Vice President of GE and the President and CEO of GE Healthcare. As of November 2017, Flannery owned a cheap over 575,000 shares. That number will surely increment soon to reflect his new status as CEO.
4. David L. Joyce
David L. Joyce is a profligacy chair and CEO of GE Aviation, a role he has had since June, 2008. Joyce is another GE past master, he started his career in GE in 1980 when he joined as a product engineer. As of November, 2017, he supported over 497,000 shares of GE, which makes him the fourth largest discrete shareholder.