CEO: Sees free cash flow in negative territory this year - JP Morgan conf comments
- This is a multiyear turnaround in power unit; power unit was slow to adjust cost structure amid slump
- We are committed more transparency on restructuring costs; declines to say if restructuring costs will be included in future guidance; going to talk about restructuring on March 14 in "GE outlook" presentation
- We really want to get the balance sheet questions off the table so that we can play offense
- We wish we were not in the long term care business, but will manage it as best we can as long as we remain in the business