The activist investors are going to hammer the stock further. This is part of their model: watch old companies with country club mindset get into trouble, take a small percentage of ownership, advocate for board seats then push for drastic cuts, spin offs and divestitures. This happened at DuPont, Dow, Fortune Brands etcetera. Within a few years GE will not exist. Power will be combined horizontally with Cummins, Deere, or some other company. Healthcare and Aviation will be spun off as two separate companies. The Baker Hughes stake will be sold and the cash black hole of GE Digital will be shut down. I imagine Pappa Jeffe wanted to write a management book in his retirement, now countless books and cases will be written about him and the how the hubris of managers can destroy companies.
6 replies (most recent on top)
Trian has lost their a$$ , GE is a dinosaur. Time to break it up !
"Pappa Jeffe" made millions and is laughing his way to the bank. Meanwhile, the world is a much better place without his book on why he thinks he is a god. His legacy as a failure will live on forever.
Go buy bitcoin
You're not wrong... but the power business will likely be sold to a Chinese company.... they are the only ones who have the cash and need the energy capacity....
Trian Investment Fund must be a bit red-faced about now.
Publius has a lot of valid points. Everything said could very well come true.