Thread regarding General Electric Co. layoffs

very interesting article ...what could the GE board done differently

https://hbr.org/2018/07/what-ges-board-could-have-done-differently

  1. They needed financial committee overseeing key decisions like stock buybacks, and M&A activity

  2. Fire KPMG , get a new auditor

  3. They were not looking out for shareholders or employees

Sound familiar ? Has anything really changed at GE other than the board has been reduced ?

You wonder why the stock was delisted and key analysts have a downgrade or sell recommendation on this POS company. Every article I read makes me angry and I wonder how Jeff and buddies are not in jail .

by Same ole GE
| 2241 views | | 4 replies (last July 18, 2018) | Reply
Post ID: @OP+UdXTSam
Comment! It's anonymous!

4 replies (most recent on top)

They could have sacked Immelt after the share price crash in 2007.

by Anonymous
| | Reply
Post ID: @aab+UdXTSam

He used his imagination. And it worked.

by Anonymous
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Post ID: @kyj+UdXTSam

Well if you think about it , the $40 billin kept the stock price up at level so Jeff could get his bonus and board members could cash their stock options. Jeff decides to retire and the floor falls out from the business. Why are these folks not being sued ? So much for financial accountability!

by Anonymous
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Post ID: @kqq+UdXTSam

" the company spent $40 billion on stock buybacks in a futile effort to boost its stock price" 'Nuff said.

by Anonymous
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Post ID: @nbc+UdXTSam

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