GE are just a shambles and a shell of a company.
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GE are a train wreck read the news. Share price and dividend gone down the toilet.
It appears that GE looked at the BHI buyout as a way for them to divest their GE oil & gas assets.
We were feed a bunch of bull about GE store, predix and billions of cost savings based on synergies.
Most mergers based on cost synergies fail. Expect some write offs/write downs of the GE oil and gas assets as well as restated earning because the used the wrong accounting methods.
Figures don’t lie but liars do figure.
Freezing the pension really pissed many people off. It’s 100000 over a ten year period for each employee.
GE stole your money.
Lets hope so, do so like the red coveralls they where.
And exactly why do you think Halliburton would have a better chance of success this time? Or are you just hoping for another $3.5 billion handout?
Even Weatherford would have been better than GE