GE is broken. Fixing it will be long and difficult

Restoring General Electric to greatness, or even just mediocrity, won’t be quick or easy.
GE’s (GE) fall from grace has forced the iconic company to take drastic steps just to stop the bleeding. This week, GE cut its beloved dividend in half, and launched plans to sell off the century-old railroad business as well as at least 12 other units.

But just as it took years to run GE into the ground, there’s a growing realization inside and outside the company’s Boston headquarters that fixing it will be long and difficult. GE stock nosedived 7% on Monday, its worst day since April 2009, after new CEO John Flannery detailed his turnaround vision. The downward spiral continued on Tuesday as GE shed another 6%, touching its lowest level since December 2011.

http://money.cnn.com/2017/11/14/investing/ge-stock-dividend-turnaround/index.html