Unbelievable. We are in deep doo-doo (Jamie Miller is simply awful) https://seekingalpha.com/article/4140230-ges-conference-call-zinger-edition
Are the pensions safe if GE manages to, well, fail...
We have been told that that our pensions will always be safe. What are your thoughts about the claim?
No merit raises?
Does this apply to the 20 cent COLA that was agreed upon in the last union contract?
GE insiders
Lots of these folks stock options are underwater ...it is only a matter of time before they sell and slash everything to raise the stock price.
A Must Read Regarding GE's Collapse
http://thecrux.com/the-final-domino-of-the-last-crisis-falls/ Scary and criminal what has been going on at GE for decades...
Anyone read “At Any Cost: Jack Welch, General Electric, and the Pursuit of Profit”?
Current GE engineer here with getting close to 10 years on the job. After reading this book it explained so much of what I have witnessed. Cost reduction at every step, multiple project managers for a single engineer, and just the reluctance to spend... — read more
2018 to be even worse for GE Power
Can it really get much worse than it already is, though? GE warns 2018 could be even worse than it expected for its embattled power business https://www.cnbc.com/2018/01/24/ge-warns-2018-could-be-worse-than-expected-for-its-power-business.html
Job Hunt - Active Service
If I'm on active service with GE for the next year, am I required to disclose my layoff date on job applications with potential employers...or can I say I'm on GE active service? This question was asked on a layoff benefits call and GE Benefits reps... — read more
Management Controls Reorg Needed
I suggest that somebody needs to monitor the productivity of the people monitoring my productivity!
The decline and fall of General Electric, the poster child of Obamanomics
The decline and fall of General Electric, the poster child of Obamanomics by Timothy P. Carney | Jan 23, 2018, 11:07 PM Sometimes we look back a decade or so and reconsider our word choice. For instance, I used to call General Electric — with its... — read more
Power CEO - Russell Stokes : More layoffs 2018 ?
Moving forward in 2018 : Reduce Structure & manufacturing footprint
Org Announcements from Jamie Miller ...
Really??? Recycling the same old people. Janki and Cameron 25 years with the company. Probably part of the problem. Don't we deserve new thinking?
Pulling cash out of a hat with holes
Once again, GE manages to pull cash out of a hat to end the 4th quarter. But how much of that cash is real? And how much is pulled in from future cash streams at a huge discounted price (ie selling receivables (factoring), or selling wind turbines at... — read more
GE is under SEC investigation
GE (GE) said on Wednesday that regulators are investigating a $6.2 billion insurance loss that the company revealed last week. The disclosure is a new and potentially much more serious problem for a company already reeling from missteps and... — read more
GE 4th Quarter earnings call and Power
Well folks...I found it interesting that GE did not have better visibility to your clients major outages prior to Russell coming on board as the leader of Power. Strike teams are in place, measure the X 's predict the Y's , better focus. What bunch... — read more
GE expected to cut its forecast for 2018 after earnings report
GE shares came under pressure on Monday after Bank of America downgraded its rating to neutral from buy and cut its price target to $17 from $22. Its revision was based on the expectation GE will cut its 2018 forecasts when it reports fourth-quarter... — read more
Announcement coming this Thursday
Has anyone heard what the announcement will be this Thursday in Schenectady.im hearing there will be one. Just no word on what’s intale
Now they work for GE...
http://money.cnn.com/2018/01/22/news/companies/sec-kpmg-charges/index.html?category=companies
Walmart is starting to do Rank and Yank, GE Style
I think someone should head over there and tell them that this is not good for the worker (they seem to think the rank and yank will separate the good from the bad)... Oh, well... Check it out: https://www.thelayoff.com/t/RiSKOgJ or go directly there... — read more
More layoffs Greenville
Ran into a high level manager this weekend. Basically told me if I would have made this past cut. I problly wouldn’t have made the one thats going to take place by the end of Q1. Glad I got the cut and was able to land a job befor the market gets... — read more
Customers Determine Our Success
Power Service and Steam need to focus on the customers if there is any hope of stopping the slide. GE needs more boots on the ground and demonstrate a willingness to actually listen to what customers want. Unfortunately, the products do not sell... — read more
Whole towns are affected by GE greed
Thought this was a really good article that shows just how much the whole GE situation is affecting not just individuals, but whole towns. .. It's a good read, even if it doesn't say anything we don't already know... — read more
GE
GE needs to figure out what it wants to do when it grows up.
Boosting stock price
Q4 / ER will be tough as well despite Q3 being thought of as a kitchen sink qtr. At this point, there are one of two immediate actions that can boost the stock: 1) Flannery retires and Board hires external CEO 2) Flannery gives up Chairman role and... — read more
Immelt and the former gang need to go to jail.. This is my retirement they screwed with. I need my pension, do they?
I shake in my boot when I read about this pension problem. Hey Jeff, how much is your pension a mo? How much is mine as a shop worker? I need mine, do you need yours? YOUR ARROGANT WAYS F---ED THIS COMPANY! HEY, BUT YOU DONT CARE, YOU ARE AT SOME... — read more
$7/share projected share price?
How low can it go?
Dennis Berman, Wall Street Journal, discusses General Electric's leadership and the company's problem with short-term thinking.
Really, Dennis you are amazing coming out with this now. GE has always focused on the short term. Where were you 5, 10, 15 or 20 years ago? That short term focus also facilitated an environment of elitism, lack of cooperation, focus on rewarding and... — read more
15B liability out of thin air, do we have internal auditors? oh yes we do CAS
Ok someone needs to explain this to me, how on earth we just discovered that we had 15B liability. We always have this clowns of CAS around and I was always sure that their only business is BS, lie, take other people work. Now I want to see them... — read more
GE W2 Form
I took retirement on May 1st. 2017. Received pay checks up to end of May and started collecting pension after that. On line W2 shows my salary only as an active employee. Is there is a separate W2 for pensions? How do I get it? Need some help here... — read more
JF Comments About News Media
Watched the latest JF video answering questions. Regarding the insurance hit, even JF warns not to believe the media reports (Fakenews).
What’s going on in Greenville?
I’m hearing rumors that the plant manager is leaving. There’s a bunch of new positions that are open also, is that do to the fact that people excepted a job to then leave. Way to screw over your coworker you scumbags.
Finally the end?
Anybody thinks that the latest news that GE might break up into three parts is the beginning of the end we've all been expecting for a while now? This pretty much seems like a desperate move to me, and if it happens, I don't believe things will... — read more
GE W2 Form
FYI: Once you log into onehr.ge.com the tab under taxes already has the 2017 W-2's there. Just printed mine.
C Level Execs
How stupid can they be. Now wounded, frightened and panicked they are flailing to say and do anything that makes them sound capable. TLTL. Game over, tilt, thanks for playing.
Former GE empoyees/retirees - tax forms
Anyone having any success finding links to tax forms on the onehr.ge dot com site (US) for former employees? I know that GE owes us nothing, but at least get the only resource we have available working correctly. I cannot get any response to my note... — read more
Alstom
I heard the problems at the insurance business are Alstom's fault.
pensions
Does anyone with real info know what would happen to the pensions of existing pensioners or existing employees if GE is split up? Would the newly separated businesses inherit the pension obligations? What about Corporate pensioners? Thanks.