Offal industrial conglomerate said the changes on the same call he apologized for the companys performance. So far this year shares of this widely owned stock are down 40 . Today after announcing ges turnaround strategy, the stock lost 7 of its value on very heavy volume. The worst day since 2009. Morgan brennan takes a look at the road ahe cut dividend, cut guidance, cut assets, those cuts are the crux of general electrics new strategy under sdwraun flannery. Today flannery outlined big changes for the struggling industrial giant. Going forward, we really have to focus on how we can create the most value of portfolio of assets we have for the owners, and well do that with a very dispassionate eye. Reporter ges dividend was cut today, reduced by half, as the new ceo looks to drum up cash and remake the company. Ge has long been bought for the payout, with about 40 of shareholders retail investors, many dependent on the income. Still the move was widely expected. What wasnt was the guid