Anything GE gets its paws on is doomed to failure. Chrysler CEO Nardelli is a former GE exec. Prior to going to Chrysler he nearly wrecked Home Depot as CEO. Point being, GE has a track record of destroying any business it gets its hands on. Very incompetent organization, starting with Immelt. Not too sympathetic to NBC’s coming demise however.
and yet GE stock is surging.