How GE’s New Management Will Affect the Company’s Future

General Electric Company's (NYSE: GE) CEO Jeff Immelt is stepping down and handing the reins to the CEO of GE Healthcare John Flannery, and investors seem to have pretty split feelings about it.

In this week's episode of Industry Focus: Energy, Sarah Priestley, Sean O'Reilly, and Taylor Muckerman discuss how the market is reacting to the seat change in GE's management, who the new CEO is, how GE is changing its strategy going forward, and more. Also, the cast talks about how hurricane Harvey is impacting the oil industry, and what long-term changes to the space we might see as a result of the disaster.

A full transcript follows the video.

Source: Fool.com