Posted on 09/25/2008 5:00:45 AM PDT by tobyhill
FAIRFIELD, Conn. - General Electric lowered its outlook for third-quarter and full-year earnings Thursday, citing unprecedented weakness and volatility in the financial services markets.
The company also has reaffirmed its commitment to maintaining a ’AAA’ credit rating, and is taking steps to bolster its capital and liquidity position.
(Excerpt) Read more at msnbc.msn.com ...
No, get rid of the liberal tool who’s running GE into the ground. Let the new guy fire the execs at NBC who are running the network into the ground.
“No, get rid of the liberal tool who’s running GE into the ground. Let the new guy fire the execs at NBC who are running the network into the ground.”
....damn straight!...I’m a long time shareholder and things were a lot better when Jack Welch was CEO....and btw, I fired off and angry e-mail to them over SNL’s recent hatchet jobs on McCain-Palin.
They are “Inmelting”.................
I worked for GE for 22 years and Jack Welch’s leadership made me a lot of money in salary and in stock appreciation.
Left GE in 2004 and sold much of my position in GE after Immelt took over
Immelt has done nothing but destroy all that Jack had built.
Do we have to bail them out?
Jack was/is rock solid. He was on H & C last night. Didn’t catch the whole thing, so I don’t know if he talked about GE (O’Reilly brought it up on his show), but he looked like he wanted to kill Alan Colms.
Why not? All we need to do is print more money and the problem is solved. Econcomics is so easy. /sarc
Yes and you just throw the rope and it goes over the cows head.
GE sells off it’s appliance division and keeps the entertainment division?
And then we have Welch nattering on how important this is.
Wasn’t Imelt the handpicked successor of Welch?
” Wasn’t Imelt the handpicked successor of Welch? “
Yes he was. Came down to the following:
McNerney - 3M and then Boeing - solid job
Nardelli - Home Depot - tanked / big severance pkg
Wonder if McNerney would return if Jeff I is given the boot.
Would have to say he’d be a good candidate
He was. One cannot always predict what another will do. You can instruct, and tutor and guide. But when they're on their own...thier true colors show. And Immelt's true color is showing....RED
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