Yes, GE is doing a slow, power off glide instead of a flaming crash and burn this time. Management is selling off the good parts to keep the wolf from the door a little bit longer. But eventually they will run out of good parts.
The real beef with current GE management is that they won't go after the former managers who looted the company and lived large while doing so. And the board members who enabled them.
My Dad worked for GE for over 40 years starting about 1956. He loved the company and led some truly amazing development projects. It really hurts to see it going down the drain like this. All that’s going to be left soon is power systems. Hundreds of BUs — a gone.