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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

Utah Technology Council

ICON Health & Fitness - Code The Road

⏲ 1 minute 31 seconds 👁 32

John M

Icon parking horrible customer service

⏲ 27 seconds 👁 567

Set phasers to scream! Star Trek icons in horror movies.

10 Star Trek Legends Who Starred In Horror Movies

⏲ 11:30 👁 4.9M

Charlie Berens

If Airlines Were People #shorts

⏲ 53 seconds 👁 4.4M

Utah Technology Council

ICON Health & Fitness - Year End Review

⏲ 1 minute 7 seconds 👁 264

On Monday morning, April 1, in front of Berlin's iconic Brandenburg Gate, several hundred people celebrated the new law allowing the recreational use of cannabis in Germany.

Germans celebrate legalization of recreational cannabis

⏲ 1:6 👁 7M

Dell Loy Hansen, Utah Real Estate Icon and Real Salt Lake Owner - 3 Questions with Bob Evans

⏲ 24 minutes 7 seconds 👁 649

Utah Technology Council

ICON Health & Fitness - TDF Class

⏲ 1 minute 2 seconds 👁 238

Prepare to embark on an adrenaline-fueled journey as we dive into the heart-pounding world of Forza Horizon 5, where the iconic TOYOTA SUPRA reigns supreme! Join us as we explore the breathtaking landscapes, engage in thrilling races, and experience the unmatched speed and power of the TOYOTA SUPRA. Get ready to feel the rush like never before!<br/><br/>#forzahorizon5, #toyotasupraadventures, #gamingthrills,<br/><br/>toyota supra, forza horizon 5, gaming, racing, adventure, speed, power, thrills,<br/>toyota supra gameplay, forza horizon 5 races, gaming community, video games, exciting gameplay,<br/>toyota supra showcase, forza horizon 5 adventures, racing enthusiasts, gaming experience, fast cars,<br/>toyota supra mastery, forza horizon 5 moments, gaming entertainment, epic races, high-speed action,<br/>toyota supra excitement, forza horizon 5 challenges, online gaming, racing simulators, extreme speeds,<br/>toyota supra domination, forza horizon 5 competition, console gaming, multiplayer races, intense competition,<br/>toyota supra thrill, forza horizon 5 achievements, virtual world, driving simulation, realistic gameplay,

Witness Greatness FORZA HORIZON 5's Finest Moments with TOYOTA SUPRA!

⏲ 3:16 👁 6.9M

CacheValleyFamilyMag

Icon Health & Fitness - Cache Valley Family Magazine

⏲ 2 minutes 46 seconds 👁 93

The Squeezed Lemon

Flight Passenger Caught A Moment That Can't Go Unnoticed

⏲ 31 minutes 14 seconds 👁 101.9K

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