HOOD - Wall Street Breakfast: Time For A Breakup

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Time for a breakup Unveiling one of the biggest changes in the industrial giant's history, General Electric (GE) announced plans this morning to split into three global public companies:Aviation: Helping customers achieve greater efficiency and sustainability and invent the future of flight.Healthcare: Driving innovation in precision health to address critical patient and clinical challenges (spinoff targeted for early 2023).Renewable Energy and Power: Supporting customers and communities seeking to provide affordable, reliable, and sustainable power (spinoff targeted for early 2024).Backdrop: After CEO Larry Culp took the reins in 2018, he went on to apply a similar philosphy he used to revamp diversified conglomerate Danaher (DHR). In one of his first moves, he slashed GE's prized dividend to a token penny a share. Two years later, he sold

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Wall Street Breakfast: Time For A Breakup