Ge again talks about $11 billion for insurance and tax reform before it talks ab

The possibility of spin off of GE, the largest industrial group in the United States, increased again on Tuesday. On the same day, the company announced that the long-term care insurance portfolio and the newly issued US tax law company generated more than 11 billion dollars in expenses. GE.N
Chief executive officer (CEO) Daniel Flannery (John Flannery) has put forward the idea of selling part of the assets of the company, he is making thousands of layoffs and take action to reduce the cost of $3 billion 500 million, in response to the sharp drop in profit and cash flow situation.
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Daniel Flannery took office in August 1st is facing tons of problems, such as power turbine sales decline, inventory increase and business profit margins.
His statement on Tuesday showed that the split was still part of the GE's strategic consideration, although it was not certain.
He answered the analyst's question at the conference call, "I think it's one of the options to consider, and we can draw many combinations, including having multiple independent transaction assets in any department."