Thread regarding General Electric Co. layoffs

Fortune magazine: "GE’s Basic Businesses Are Badly Underperforming"

"What GE paid in dividends and spent on share repurchases bore no relation to its actual profits. That’s because it used much of the over-$200 billion in proceeds from asset sales to fund gigantic outlays for both. From 2009 to 2018, it spent roughly $130 billion on the dividends and buybacks combined, almost $80 billion more than its net profits over those ten years."

https://fortune.com/2019/08/27/ges-basic-businesses-underperforming-accounting-metric/amp/

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Post ID: @OP+10LAQNbc

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GE is a basic B1T©H

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Post ID: @1cfe+10LAQNbc

What that basically means is those basic businesses will have some more of those basic layoffs basically.

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Post ID: @1vcs+10LAQNbc

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