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GE considers breakup of company into separate businesses

General Electric Co. (GE) is considering the possibility of dividing the company into several businesses, Chief Executive John Flannery said. According to him, GE analyzes its strategy and structure.

Photo: Richard Drew / Associated Press

John Flannery, who took over as CEO on August 1, 2017, has already submitted a plan to improve the situation in GE. This plan, in particular, focuses on three key areas: products for aviation, energy and health.

In November 2017, GE announced cuts in quarterly dividends by half, to 12 cents per share, due to weak financial results and a drop in capitalization. The company went to such a measure for the second time since the Great Depression.

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