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John Flannery is being replaced as head of General Electric. GE's status fell sharply over the past decade. The company has resorted to selling off divisions and laying off employees, a process that accelerated under Flannery. Richard Drew/AP hide caption

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Richard Drew/AP

Specialist John McNierney works at the post that handles General Electric on the floor of the New York Stock Exchange in January. The struggling company is being dropped from the Dow Jones industrial average. Richard Drew/AP hide caption

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Richard Drew/AP

President Barack Obama looks at a turbine during a tour in 2011 of the General Electric plant in Schenectady, N.Y., with then GE Chairman and CEO Jeffrey Immelt (left) and plant manager Kevin Sharkey. Mandel Ngan/AFP/Getty Images hide caption

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Mandel Ngan/AFP/Getty Images

GE Struggles To Show It Still Has Magic Touch

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