How many General Electric chairmen does it take to change a lightbulb? Quite a few, it seems—but shareholders had the last laugh on Wednesday. GE’s stock price rose sharply after the company announced that it finally was selling its storied lighting division. Two bosses later, a sale to Savant Systems was announced. The proceeds will be about $250 million according to The Wall Street Journal.

Source: Wall Street Journal May 28, 2020 12:54 UTC