You can only cost cut, "value" engineer and offshore for so long. Eventually your competitors will invest in people and technology instead of buybacks and kick your behind.
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The time for the kicking of our behinds is imminent...
How do you "spend money on to nurture and cultivate" (poor English) when you don't have any money? GE has no option but to cut and sell. $3 more lower then maybe get some Buffet cash - pennies on the dollar.
GE is like a run-of-the-mill oil service company. They know the price of everything but the value of nothing. Their people are there only to get the job done and not to spend money on to nurture and cultivate. Look at the top 15-20 universities worldwide and understand why they are there year after year. If you don't know, you'll never know.