Posted on 06/18/2017 1:29:50 PM PDT by Lorianne
see post below for link
Immelt should have been fired ten years ago.
What’s he worth after cashing out?
Was he just to big to fire?
Two other reasons I would avoid the stock,
1. Never-ending Hudson River PCB dredging, and
2. Fukushima liability.
I also bet that GE was counting on a bailout from the Hillary/Uniparty.
Trump sure stuck a sticky finger in all that type of scam. Ha!!!
This why the Socialists want to kill Trump.
Immelt ran GE like Congress would run it if Congress was a person. The man was by far the most incompetent CEO in the country to the point that the shareholders should have voted out the entire Board of Directors for not canning him 12 years ago.
MUCH power and money is at stake.
Treachery is everywhere.
Prayers to Trump.
Hmmm... Weren’t they ‘partnered’ with the Obama regime back in 2008?
And now we find ANOTHER place where BILLIONS of dollars have gone missing....
Will ANYBODY seriously investigate this?
Hmmmmm....
Don’t forget about democrat Warren Buffett’s bailout of GE .......
http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/
http://www.economist.com/node/12342006
Buffett needed the TARP bailout more than most. In all, Berkshire Hathaway firms received $95 billion in TARP money.
http://reason.com/blog/2012/05/08/the-myth-of-warren-buffetts-economic-non
Immelt was one of Obama’s players, as was Warren Buffet. The anointed ones in the Kenyan’s oligarchy. That’s why Obama killed the Keystone pipeline; Buffett’s railroad was making a fortune shipping the oil on his railcars.
Nice little kingdom they had here!!
Maybe Immelt should have been let go, but Neutron Jack handed him a tough row to hoe, with his expansion of GE ‘s finance arm.
Worked for GE in the mid 60s at their Evendale plant. Fantastic company,,,,,,,,,,,,, then.
I worked for GE Appliances from 1985 to 2016 when they sold Appliances to Haier, a Chinese company. Sad to watch one of the great companies go down like it did.
Fukushima liability? How so exactly?
The reporter appears to not have kept up with the subject of his story. He talks about contending with the flagging oil services business, but they are in the process of spinning that off in a deal which has them paying 10s of millions each to senior Baker Hughes officials to get the deal done.
GE will end up owning about 2/3 of the company at the expense of Baker Hughes current shareholders (thus the payoffs to the BH execs), but they can dump that for cash easily enough, shedding a bunch of liability in the process.
So you don’t see any upside in GE shares? They hit their peak in 2001 and almost expired in 2008 when they were almost bankrupt. Now they are in the $28.00 range. You think its time to dump GE shares?
I dumped mine when it was $56.00 a share, I knew when Jack exercised his options it would tank the stock. It eventually swooned all the way down to $6.00 a share.
I know quite a few people who lost their shirts in their 401K.
It went up on the news Immelt was leaving so it may look better down the road.
bbb
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