It’s interesting to me to see some investors celebrate gaining a quarter after losing a dollar and that is essentially what has happened (or worse) for longer term General Electric (GE) shareholders. While I laud Larry Culp for staying on message since his appointment to the CEO slot in October, I’d challenge investors to ask what has exactly changed in overall corporate direction. The message remains the same: “Delever the balance sheet, divest and/or IPO assets, strengthen the Power business”. This isn’t a fast shift and the market seemingly accepted 2019 as a