Skip to comments.General Electric gets booted from the Dow
Posted on 06/19/2018 3:50:31 PM PDT by Magnatron
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It does poorly so they kick it out. So, then the DOW is not an index, but a club.
For the DOW to have some meaning it should include all companies stocks, not just 30.
Typical trick by the Dow to make sure the index is ever upward. Throw out the company in the downward death spiral, and replace it with an up - and - coming corporation.
The GE board members should be held personally liable for failing to go after the execs that looted the company.
Immeldts tenure was an unmitigated disaster. Among other horrible strategies, he tried to get GE even more on the government teat for faddish Green Energy and other Obama pet projects. Its sad given where GE was when Welch left.
Immeldt and board bet on Obama and Clinton and everything commie and green...I just bought GE...figured my dad who retired from nuclear fuels and 7 patents and 39 yrs (1995 retired) had to have left something good behind at this point price.
“First thing they should do is fire 10% of the workers....”
In fairness the plan was to cut from the bottom performers and replace them with better ones. Cut from the bottom and add to the top. It was pretty brutal and a lot of good people were let go. Immelt stopped it.
#14 Buy NVIDIA. Stock is steady climber. Was $200 in January and now as high as $265 (recent drop like other stock due to trade war talk).
Look at AMD but don’t buy unless at $10. Recent 6 week rise to near $17
GE fought to make incandescent bulbs illegal so the could sell higher margin energy efficient bulbs. GE can go eff themselves
As regards your comments about Immelt, I'm thinking that the power of proxies needs to be consolidated, maybe with the help of the internet, to start holding people like him accountable - at all companies.
No, just go back to the original members and calculate forward from there. Don't forget to give full current value for US Leather Company.
For companies that have been bought or merged, give full value for their stock at the time they ceased to exist.
You are of course, correct; however, from my experience, corporate boards do not consist of members who ever go against the CEO. Board members are notorious for rubber-stamping the CEO's policies, however stupid.
Immelt is an idiot and let his personal leftist politics ruin a once great company.
Wow! You really have to be an idiot to get GE booted from the DOW.
Owned GE shares my parents gave me in 1961 at age 2. 10 shares grew to 2400
I imagine you had quite a bit of capital gains.
Smart move, getting out before it hits the floor. Some time ago, my wife's idiot co-workers talked her into buying in on some stock when it went way down in price, real cheap. I told her no, but she bought in. The stock was Enron, became worthless. I've made a mistake like that myself in the past. When a stock is nosediving, be very careful, and best to not buy in, or cash out and cut your losses.
Does this mean they lose their membership in the super secret Disney Club 33?
You mean all those CFL bulbs with dangerous mercury? Me and the wife stayed clear of those, glad we did as others have now dumped them in favor of LED bulbs. What a fiasco CFL bulbs turned out to be, and a waste of money (they were very expensive).
This further makes a mockery of the word industrial. The industrial average is supposed to be comprised of companies that make things. What exactly does Walgreens make?
How can a drugstore company be called industrial?
“What a fiasco CFL bulbs turned out to be, and a waste of money (they were very expensive). “
and with very few exceptions only lasted a tiny fraction of the claimed longevity before burning out ... expensive, toxic, and short-lived ... thank you very much George Bush!
That’s what you get for blowing Obama.
I spent 22 years with GE. It was the model of efficiency and quality control. When you bought a GE tv, everything in it was made by GE. Now...a GE anything is only assembled by GE.
“5Great job, Immeldt. “
Obama had to keep shaking this prick off his leg for 8 years.
“I have heard good things about Eastern Airlines though.”
Same with Pan Am.
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