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When Larry Culp stepped into the CEO role at General Electric in 2018, he was the first outsider to lead the iconic company. Founded by Thomas Edison in 1892, GE had morphed over more than a century into a sprawling conglomerate that was struggling under $135 billion in debt.<br/><br/>One of Culp’s predecessors had made a costly acquisition bet, investors had fled, and the company’s market cap had shrunk to $70 billion, down more than half a trillion dollars from August 2000, when it was the most valuable company in the world. Culp turned GE’s board down twice before accepting the CEO job, but ultimately extracted a multimillion-share incentive package linked to GE’s share price. At the time, CNBC’s Jim Cramer said it was “the best performance-oriented contract I’ve ever seen.”<br/><br/>Spoiler alert: It paid off.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/sarahwhitmire/2024/03/31/general-electric-ceo-larry-culp-to-join-small-club-of-billionaire-executives/?sh=7902b57d449b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

CEO Larry Culp's Overhaul Of GE Will Make Him A Billionaire

⏲ 5:18 👁 9.3M

Darling Blesson

JIMPAK CHIPAK Telugu Rap Song 2016MC MIKE, SUNNY, UNEEK, OM SRIPATHI F

⏲ 3 minutes 41 seconds 👁 1.6M

TEKNIQ

Pakistan Cheapest Solution to Transport Cooking Gas to Home

⏲ 20 minutes 6 seconds 👁 575.2K

Sia and Labrinth have shared their new single, 'Incredible', from the former's new album.

Sia and Labrinth have shared their latest collaboration, ‘Incredible'

⏲ 1:17 👁 3.9M

DNAIndiaNews

LPG Crisis: Pakistanis Buying LPG In Plastic Balloons. What's Wrong with Pakistan?

⏲ 1 minute 👁 12.6K

Oneindia News

Pakistan: Videos of people carrying cooking gas in plastic bags goes viral | Oneindia News *News

⏲ 2 minutes 4 seconds 👁 15.3K

Get a look at the hilarious world of Young Sheldon Season 7 Episode 6! Created by Chuck Lorre and Steven Molaro, this sneak peek offers a glimpse into the comedic genius of the cast, including Iain Armitage, Zoe Perry, Lance Barber and more. Stream Young Sheldon Season 7 now on Paramount+ and join the fun!<br/><br/>Young Sheldon Cast:<br/><br/>Iain Armitage, Zoe Perry, Lance Barber, Montana Jordan, Reagan Revord, Jim Parsons, Annie Potts, Craig T. Nelson, Matt Hobby, Emily Osment, Craig T. Nelson, Melissa Peterman and Wyatt McClure<br/><br/>Stream Young Sheldon Season 7 now on Paramount+!

Get a Glimpse at the Upcoming Episode of CBS's Young Sheldon

⏲ 1:0 👁 14.1M

Inside Edition

Who’s the Man Who Slapped Reporter Live on Air?

⏲ 1 minute 30 seconds 👁 11.1M

Medical Lab Lady Gill

Microbiology: Anaerobic GasPak Container with Indicator

⏲ 2 minutes 23 seconds 👁 13.9K

The surge in households seeking aid for unpaid energy bills leading to court actions has doubled in the past year, as noted by Citizens Advice. Suppliers are increasingly resorting to legal measures to recoup energy debts, potentially causing long-term financial strain for households. This trend seems to have intensified following Ofgem's imposition of stringent restrictions on mandatory prepayment meter installations. <br/><br/>Last year, Citizens Advice provided guidance to 349 households facing County Court Judgments (CCJs) due to overdue gas and electricity bills, compared to 179 in 2022, coinciding with a record-high energy debt of £3.1 billion. The CCJs reported are the highest since 2019, likely representing only a fraction of the total judgments issued for energy debt recovery. Despite Ofgem's recent reduction of the energy price cap to £1,690 annually for typical dual fuel bills, data shows that energy debt continued to climb by £2.8 million daily in the latter half of last year, -So what can be done to reduce those energy costs?

Millions are struggling to pay their energy bills with court action against debtors doubling in the UK

⏲ 1:5 👁 2.9M

The Office

Roy Explodes After Pam Reveals Her Kiss with Jim - The Office

⏲ 1 minute 32 seconds 👁 1.5M

Jim Patterson

long version of gas tank is out

⏲ 8 minutes 55 seconds 👁 2K

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