So let's recap:
1) Under performing GE starts to unload business units in a series of spin offs and partnerships, loading them up with corporate expenses, debt, and pension liabilities.
2) GE continues to insist that its corporate audit staff must report to the CFO and not the audit committee. Furthermore, leadership insists that the audit staff should focus on internal consulting and not objective reviews of the company's controls and financial statements.
3) The former CEO used company funds to take trips to Augusta National, Double up on Jets, and use a helicopter for his commute.
Does anyone else notice the parallels between the corporate implosions of Enron, WorldCom and Tyco? Cannot wait for the company to settle with the SEC and have KPMG get admonished by the PCAOB.