"[Former CEO] Jeff Immelt ran a ship that was sloppy," Cramer said. "That is my own judgement. I don't mind saying it. I am sure it'll be refuted tooth and nail by GE - but your record is frankly abysmal. And you are what your record says you are."
Cramer thinks the changes Flannery is making "is a sign that Flannery did not have belief in the way the company was run."
GE shares are down 23% since the start of the year.
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