GE was in bad enough shape in 2018 that investor Nelson Peltz says he was sure the company would end up in Chapter 11. Inside GE, meanwhile, business reviews were full of good news. Both things were true at the same time. Larry Culp eventually had a name for that: “success theater.” He’d gotten an early look at how it worked that summer, before he was CEO. Culp was still a board member when he … Continue reading Larry Culp on Success Theater, Embracing Red, and the GE Turnaround