Thread regarding General Electric Co. layoffs

GE is not too big to fail!

It may be a multi billion $ company the cash cows are now gone and signing a 25 year contract with countries who refuse to pay on time or defer payments because of perceived contract breaches will soon wittle that away. Just like when it lost its AAA credit rating and the share went from $60 to $7 to $31 to $24 no thought that would be possible. The share price will sub $20 because the rot has already set in.

Prefix has added how much to the bottom line? It will miss its revenue targets because the leadership are to old and don't have foresight to deliver it and they are ultimately the decision makers. Market no longer trusts them and their are better companies to invest in.

by
| 2751 views | | 4 replies (last September 25, 2017) | Reply
Post ID: @OP+PrijfGe

4 replies (most recent on top)

wvj - good idea but what was the point of wasting $34B on baker Hughes.

by
| | Reply
Post ID: @ser+PrijfGe

Sorry but nothing is too big to fail unless the US Government steps in..which not going to happen now that SIFI designation is gone. Time to break this company up and make each division independant and get rid of corporate offices, audit staff and the useless leadership. Each division can run itself. The question is what to do with GRC...you could make them a separate entity.

by
| | Reply
Post ID: @wvj+PrijfGe

You can't grow long-term if you can't eat short-term.

Anybody can manage short.

Anybody can manage long.

Balancing those two things is what management is.

by
| | Reply
Post ID: @rky+PrijfGe

GE losing cash big time. Best thing is to chop heads and slash pay rates. Time for proper financial management or it goes down.

by
| | Reply
Post ID: @zfe+PrijfGe

Post a reply

: