How can it be an 'Industrial' Index without 'Industry'?................Walgreens?........................
To: Red Badger
This is a Jack Welch legacy. Nobody destroyed companies like Jack. I do see the financial press laying the blame at Jeff immelmann’s feet. But Jeff was just Jack’s proxy. Jack Welch destroyer of worlds.
2 posted on
06/20/2018 8:04:23 AM PDT by
DariusBane
(Liberty and Risk. Flip sides of the same coin. So how much risk will YOU accept? Vive Deo et Vives)
To: Red Badger
I briefly worked at GE and have a small 401K still with them. It was heavily invested in GE stock. That was good 20 years ago but for many many many years (correspoding perfectly with the Jeff Immelt "sell of everything but services and kiss government ass" era) it has been absolutely horrendous. Tanked and then flatlined for years on end. I sold it all off a few years ago, glad I did.
This is an illustration of something I do think the SEC should regulate: the Board of Directors represent the interests of the shareholders and they hire corporate officers to run the company. Allowing one of those officers to take over the Board as chairman puts the officers in charge of the board, not the shareholders. The Chair will never fire himself as CEO. It's a fundamental conflict of interest that robs shareholders of their control of the company. It's why a loser like Immelt can ruin a company over many many years and never be held accountable. It should be banned.
3 posted on
06/20/2018 8:06:32 AM PDT by
pepsi_junkie
(Russians couldnt have done a better job destroying sacred American institutions than Democrats have)
To: Red Badger
Well, Apple does build things.. (er, Chinese slaves build things for Apple. Boeing would be one of the “indutries” left.
4 posted on
06/20/2018 8:07:44 AM PDT by
Robert A Cook PE
(The democrats' national goal: One world social-communism under one world religion: Atheistic Islam.)
To: Red Badger
The most recent removal before General Electric soundly outperformed the S&P 500 in the year after getting booted, according to CNBC data. AT&T shares rose 15 percent in the 12-months after it got replaced by Apple in the Dow versus the S&P 500's 2 percent decline in the same time period. They need to compare the performance with the overall market. If the market went up 100% and the booted stock goes up 15% then there is no solace in that.
6 posted on
06/20/2018 8:11:18 AM PDT by
1Old Pro
To: Red Badger
There is a kick to DOW companies because of index funds.
7 posted on
06/20/2018 8:11:39 AM PDT by
FatherofFive
(deIslam is EVIL and needs to be eradicated)
To: Red Badger
How can it be an ‘Industrial’ Index without ‘Industry’?................Walgreens?........................
...
It’s a historic term. They probably keep it around due to recognition.
9 posted on
06/20/2018 8:17:41 AM PDT by
Moonman62
(Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
To: Red Badger
That was my first thought...maybe Walgreen’s has factories producing drug bottles?
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