GE CEO Culp on First-Quarter Results, Coronavirus, Jack Welch

The transcript discusses GE's 2020 framework, focusing on the impact of COVID-19 on Q1 performance, particularly in aviation and healthcare. It highlights operational adjustments, financial strategies, and the power sector's outlook. The legacy of Jack Welch is also reflected upon, emphasizing his influence on GE's global presence and customer focus.

What was GE's growth guidance for 2020 despite the coronavirus impact?

• Low single-digit organic growth

• High double-digit growth

• No growth

• Negative growth

Which sectors were primarily affected by the coronavirus according to GE's Q1 forecast?

• Construction and Real Estate

• Technology and Finance

• Automobile and Retail

• Aviation and Healthcare

What was GE's primary focus in managing the coronavirus impact?

• Expanding market share

• Employee health and maintaining operations

• Reducing production costs

• Increasing profits

How did GE's operations in China respond to the coronavirus outbreak?

• Gradually returned to 75-80% capacity

• Shifted production to other countries

• Closed all factories indefinitely

• Operated at full capacity throughout

How did GE's team in China contribute during the coronavirus outbreak?

• By reducing production

• By closing all operations

• By supporting healthcare providers

• By relocating to other countries

What financial challenge did GE face due to interest rate cuts?

• Increased pension obligations

• Higher production costs

• Lower employee wages

• Decreased stock prices

What was GE's strategy for dealing with the power business challenges?

• Expanding into new markets

• Improving operational discipline

• Reducing workforce

• Increasing prices

By when does GE expect to achieve positive cash flow in its power business?

• 2022

• 2021

• 2023

• 2020

What legacy of Jack Welch is still emphasized at GE?

• Focus on talent and globalization

• Shifting to digital services

• Exiting the aviation sector

• Reducing company size

What was GE's approach to new transactions in the power sector?

• Random selection

• Complete withdrawal

• Disciplined underwriting

• Aggressive expansion