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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

Places To Visit

2024 Chevrolet Blazer SS Electric SUV #nyias #electricsuv #electriccar

⏲ 26 seconds 👁 356

Aesop Rock

N.Y. Electric Hunter Interlude

⏲ 5 minutes 11 seconds 👁 8.9K

The federal government has released new data showing how fast electric vehicle charging stations are rolling out across the country.t's all part of the government spruiking its national vehicle efficiency standards.

Extra 100 new fast EV chargers installed this year so far

⏲ 2:40 👁 9.6M

VoroMotors

Electric Dirt Bikes Comparison | E Ride Pro SS vs. Surron Light Bee X

⏲ 7 minutes 28 seconds 👁 3.2K

Pauly Plewa

All electric - all torque! ⚡ E-bike pulls instant wheelies #ebike #electricbike #electricmotorcycle

⏲ 32 seconds 👁 217.3K

Watch this 120-pound pittie lose over half her body weight and become a counter surfer

Obese Pit Bull Loses Over 60 Pounds

⏲ 3:38 👁 24M

ABC 10 News

New rules target e-bike riders

⏲ 2 minutes 17 seconds 👁 174.7K

Russ Is Right

She Doesn't Like Ebikes... \"I Think This Trail Is For Non-Motorized Vehicles!\"

⏲ 22 minutes 17 seconds 👁 170.5K

On this episode of Mind Massage, That Mexican OT take us on a sound journey using some of his favorite items such as Chicharrónes, an Electric Toothbrush, Pop Rocks and more!

That Mexican OT Does ASMR with Chicharrónes, Talks 2000s East Coast Rap & \

⏲ 8:50 👁 9.5M

Area 13

US Electric Bike Laws Explained

⏲ 18 minutes 46 seconds 👁 343.7K

Russ Is Right

Important EBike Considerations For Senior Riders

⏲ 41 minutes 3 seconds 👁 618.8K

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