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Video: Jim Cramer Reacts to General Electric's Dividend Cut

General Electric announced a 50% cut to its dividend on Monday as the company moves forward with a dramatic turnaround plan.
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General Electric (GE) - Get General Electric Company Report announced a 50% cut to its dividend on Monday as the company moves forward with a dramatic turnaround plan. 

"Everything they did in the last three years was wrong," Cramer said, adding that the likes the fact that the company shrunk its board of directors. 

GE shares are down 37% since the start of the year.

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