Nice Work If You Can Get It
5 replies (most recent on top)
@10OaiPae-dyi you hit the nail on the head. Emerging and Frontier markets are good sources of a few extra points of growth, but there are real risks involved. JR and JI chose to ignore those risks in the name of share. The type of deals you get in those markets can never replace the solid deals that used to be available in developed markets, certainly not on a 1 to 1 basis. These were critical misjudgments that should not be forgiven.
Write a letter to one of BOD member or the CEO directly. As a stock holder you have the right to do so.
Americans need to speak up and stand up.... demand these POS see orange suits! Nothing but thieves...
Let's see. Oh yes, he is being paid twice the median salary for CEOs at companies in the Standard & Poor’s 500 Index. He is not a CEO. It is a part time position too by the way.
He spent the last seven years of his tenure running GE’s Global Growth Organization, whose primary purpose was to win business in emerging markets, the geographical source of many of the weakly priced contracts that contributed to the collapse of the power unit’s margins. He may have been part of the problems we have now and now his job is to fix them. On a part time basis. OK.
Power is still operating at a loss. So to answer your question, Nothing is the answer. Did I mention he is only part time help?