Great job, Immeldt. Thomas Edison’s company is replaced by a drugstore.
If they can keep their wind turbine business going and get their share of the offshore wind projects coming to the USA, they will be ok.
Might be time to buy. Wish I had bought a bunch of Alcoa when they got bumped.
Owned GE shares my parents gave me in 1961 at age 2. 10 shares grew to 2400 shares over the years due to splits and dividend reinvestment . Dead money after peak in 2001 at about $67.00 per share. Sold in December at $18.00 per share. GE is a case of very bad management by Immelt and the board.
Is it time to buy some walgreens shares? They have been down from their 12 month high of about $83.89. I have owned them for about 7 years
All because he couldn’t pick up that hammer.
This is a gift to investors:
If they’re just going to eliminate bad performers from the DJI...
Just buy a Dow etf.
Immeldt’s 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.
Goldman Sachs need to be:
1. Kept from government influence (which is off the charts).
2. Kept from government largess (which is IS impossible).
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.
GE fought to make incandescent bulbs illegal so the could sell higher margin energy efficient bulbs. GE can go eff themselves
Wow! You really have to be an idiot to get GE booted from the DOW.
Does this mean they lose their membership in the super secret Disney Club 33?
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?
On one hand it is sad to see another iconic US manufacturer on a downhill slide.
On the other hand if the quality of all their products is as poor as the horribly junky GE refrigerators, washers and other household appliances we have had to throw away over the years they deserve it.