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‘The directors of GE deserve a lot of credit:’ Charlie Munger on GE making Larry Culp CEO

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Charlie Munger, Daily Journal Chairman and Berkshire Hathaway Vice Chairman, discusses never owning shares of General Electric.

Video Transcript

CHARLIE MUNGER: I never owned a share of General Electric because I didn't like the culture. And I was not surprised when it blew up. I do think the president and CEO is an extraordinarily able man. And the director has made a very wise choice when they put him in charge. And I think the directors of GE deserve a lot of credit for making Larry Culp the CEO. If anybody can fix it, he can.