General Electric ousts Flannery as CEO after just 14 months 
American industrial conglomerate General Electric (GE) on Monday ousted John Flannery as Chief Executive Officer (CEO) just 14 months after he took over the struggling company. The 126-year-old company's shares have fallen over 35% this year, following a 45% decline in 2017. Lawrence Culp, known for turning around Danaher Corporation, was named the new CEO and Chairman. 