Lawrence Culp’s first quarter-end as GE chief executive came with a huge dividend cut and a $22 billion writedown of the company’s power assets. Shareholders have waited a long time for the conglomerate to fix its myriad problems.

$GE shareholders have pegged their hopes on new CEO Lawrence Culp as the business hemorrhages cash https://t.co/p8PouM5USZ via @Breakingviews

— Reuters Business (@ReutersBiz) October 31, 2018