GE’s Challenges Linger as Superstar CEO Reaches One-Year Mark

A year ago, General Electric Co.’s investors cheered the appointment of Larry Culp as the right move to fix the broken company.

But the payoff is taking time to materialize, with GE trading 18% below its level when Culp took the reins. While the Wall Street darling has taken steps to shore up GE’s finances and largely stanched the flow of negative news, he’s still dealing with many of the same problems that confronted him on his first day.

The deflating 12-month stock performance underscores the magnitude of the challenge Culp took on when he agreed to steer ...