GE will never learn it's lessons. Everyone of the GE businesses go through normal up and down business cycles. One business is built to last. That is called GE aviation. Why, because military spending is up. I remember a business GE used to own called KAPL (look it up, cost plus GOCO). Engineers used to move from GE power to KAPL when times got tough in commercial power. Why was that important it preserved GE talent in an area. That cycle is now happening for Power ..down cycle is here. GE has no choice but to let the people in Power because it acquired a white elephant named Alstom. They have too much overhead for the factory backlog. The problem is all those good white collar experienced people are going to the competition to find a job. This process is going to hurt GE power in the long run. The GE portfolio as a whole is not built for up and down cycles. There are not offsetting businesses to pick up the slack like the days of old. There is no GE capital with huge knobs to turn to make up the financial misses. Hey, emperor has no cloths ! Jeff created a damn mess for John to pick up the pieces. Sorry but Jeff and his round table of stock option buddies have put John in a nasty position cut the crap out of every division including corporate, cut the dividend. He needs to look to buy offsetting businesses or sell off all the parts...break it up.
Well said, @PH0bouh-6oin.