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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 👁 9.2M

TEDx Talks

Smiles are Contagious | Giovanni Maroki | TEDxKids@ElCajon

⏲ 2 minutes 18 seconds 👁 30.9K

Cajon Valley Union School District

TEDxKids@ElCajon 2018 Beyond Infinity

⏲ 1 minute 27 seconds 👁 521

To Be Continued EP 7 ENG SUB

To Be Continued EP 7 ENG SUB

⏲ 52:14 👁 34.6M

TEDx Talks

Friends = Happiness | Eyva Dusetzina | TEDxKids@ElCajon

⏲ 5 minutes 11 seconds 👁 87.2K

TEDx Talks

TAG | Chantal Kasekende | TEDxIntl School Of Uganda

⏲ 4 minutes 24 seconds 👁 155

To Be Continued EP 8 ENG SUB

To Be Continued EP 8 ENG SUB

⏲ 52:14 👁 18.8M

TEDx Talks

The Mindset of a Champion | Carson Byblow | TEDxYouth@AASSofia

⏲ 6 minutes 49 seconds 👁 817.8K

TED

Molly Wright: How every child can thrive by five | TED

⏲ 7 minutes 43 seconds 👁 3.2M

To Be Continued EP 8 ENG SUB

To Be Continued EP 8 ENG SUB

⏲ 53:25 👁 2.7M

TEDx Talks

Joy of Missing Out | Mira Erda | TEDxGLIMChennai

⏲ 11 minutes 36 seconds 👁 57

TEDx Talks

How Kids Can Benefit from Empathy and Love Language | Maple Zhang | TEDxKerrisdale

⏲ 11 minutes 7 seconds 👁 14.6K

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