I wonder what the link is between GE & GE Capital? Is Jeff Imelt, chairman of Obama’s “jobs council” that never met and outsourced 10s of thousands of jobs to China in charge of GE Capital too?
Imelt ran the company into the ground, destroying a ton of investor value since he took over.
Mark
GE Capital is the financial division of GE. It makes a wide variety of investments/loans with some of GE’s equity and profits (and a lot of money it also borrows from the financial markets) in order to generate additional profit/income for GE. The head of GE Capital reports to Immelt.