NEW YORK: General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. GE badly missed Wall Street expectations and slashed its full-year forecast, sending shares down as much as 6 percent early in the day. But the stock rebounded and closed up 1 percent at $23.83 after CEO John Flannery said he will focus the company on delivering profit and cash to shareholders. Investors are pushing for big change after more than a decade of frustration at poor returns from the 125-year-old maker of power plants, jet engines, medical devices and other industrial equipment. Since former CEO Jeff Immelt took the helm in September 2001, the stock is down more than 40 percent and has posted a negative return even after reinvesting its juicy dividends.