<< separately, jack welch left ge awhile ago. it sold off a lot of old ge. it still has substantial debt. it has a lot of debt compared to its fcf. it has a lot fewer assets to pay off its reduced debt.>>
Welch created that complex financial engineering mess that's taken multiple
CEO's to undo to save GE.
Culp is a rarity - an exceptional CEO and he buys more:
<<
Monday, Culp purchased 65,000 GE (ticker: GE) shares worth $4.84 million. That brings his direct ownership of GE stock to about 211,000 shares. GE’s proxy statement lists 2.2 million shares for Culp in all “stock-based holdings.”>>