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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

REALSTREETPERFORMANCE

Adding Oil On The Back Side Of Bearings During Engine Assembly. Good Or Bad?

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Garage 4age

Rod Ratio- Dyno tested

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More than a million mobile phones could be cut off from calling triple-zero within months, raising alarm about Australia's readiness for the imminent shutdown of the 3G network. Australia's telcos are switching off the twenty year-old systen, to make room for 4G and 5G technologies, but safety concerns could derail their plans.

Over one million phones could be cut off from '000' as 3G shutdown looms

⏲ 3:23 👁 5.1M

Pete_Tech_

HOW TO Balance Your Rotating Assembly on A Budget Save Money Do it Your…

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Cobra Engineering

Crank Stud Modification

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It’s a rare feat to become a billionaire, especially at a young age. The average billionaire is 66, and the oldest person in the ranks is 102. Still, a select few have gotten super-rich super young.<br/><br/>For the first time since 2009, every billionaire under 30 inherited his or her fortune—the result of some self-made entrepreneurs aging into their 30s, and a sign that the “great wealth transfer” has begun.<br/><br/>These inheritances illustrate the beginning of a long-anticipated generational wealth transfer among aging populations around the world. In the United States, Baby Boomers and their elders (those born in 1964 or earlier) hold $95.9 trillion of a total $147.1 trillion of household wealth, per the Federal Reserve. Trillions are expected to change hands every year as the affluent elderly pass away and leave their fortunes to descendants.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/monicahunter-hart/2024/03/31/worlds-youngest-billionaires-2024-john-collison-ben-francis-evan-spiegel/?sh=3a7d65a61352<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?s... <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... <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: / forbes <br/>Forbes Video on Instagram: / 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.

The Top 5 Wealthiest Young Billionaires In 2024

⏲ 3:12 👁 26.8M

Geek Detour

3D Printer Problem: do you know How to Fix Z-Wobble?

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POWERNATION

Building A Chevy Stroker From Scratch With An LQ4 Iron Block - Engine Power S1, E9

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Why The World’s Top Travel Brands Are Courting Indian Tourists | Forbes

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BD Alchemist

DSM 1g fwd 6 bolt BC 276 cams BC springs & retainers FIC1200 cc Walbro 450 FP Black JB Haltech 1500

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SEMA

Wiseco & K1 Technologies AMC Pistons and Rods from Wiseco Piston Company Inc.ID6033

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