General Electric Slashes 2017 Profit Forecast

The transcript discusses General Electric's financial challenges, focusing on organic revenue growth, industrial performance, and significant cuts in earnings and cash flow targets. It highlights the strategic shift under the new CEO, who aims to address cost issues and set a clearer path for future growth. The CEO is preparing for an upcoming analyst meeting, intending to take initial hits to improve long-term performance.

What was the industrial organic growth percentage mentioned in the text?

What was the expected cut for 2017 compared to what was actually reported?

What significant change occurred in the cash flow target?

What does the speaker suggest about the new CEO's approach?

How does the speaker perceive the profitability of the businesses mentioned?