After all these are private enterprises. Why should I care what happens to shareholders who didn't vote when boards were elected that rubbers stamped managements that took their company down.
What you state is truth, common sense and logic. Sadly, once gov't, especially the one we are saddled with now wades in, truth, common sense and logic do nothing but cloud the issue.
My bank opens in an hour. I have every intention of being there. Granted, my pieces of green paper may be inflated away. There is NOTHING I can do about that. But they are MY pieces of green paper and I CAN do something about my ability to access them.
GEs biggest problem is government. They’ve bent their bottom line to meet quarterly reporting goals. They stopped being a company with a long term cash/profit goal and started being a stock marketing business.
It did not start with Immelt either, though he is getting the blame.