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  • The Invincible JPMorgan [View article]
    Jamie should be in jail for his actions.
    Jan 8, 2014. 02:55 PM | 2 Likes Like |Link to Comment
  • Is Jeff Immelt Of General Electric A Great CEO? [View article]
    I thought he should have been fired at least 5 years ago. Still do.
    Dec 30, 2013. 02:30 PM | 6 Likes Like |Link to Comment
  • General Electric (GE +0.1%) will pay $40M to settle a lawsuit stemming from a 77% decline in the value of the company's shares over a six-month period during the financial crisis. State Universities Retirement System of Illinois claimed the company hid bad debt tied to subprime loans, an accusation GE believes is "without merit." Nonetheless, the company says it is "in the best interests of shareholders [to] avoid diverting significant resources to" the lawsuit. [View news story]
    So who gets the money other than lawyers?
    Apr 30, 2013. 12:00 PM | 1 Like Like |Link to Comment
  • General Electric: Reasons To Buy The Weakness [View article]
    GE is too good of company for the sharholders to be treated so poorly. New CEO and new board may make for a new attitude and better results.
    Apr 23, 2013. 04:30 PM | Likes Like |Link to Comment
  • Analysts, who earlier in the day hailed GE's (GE -3.8%) better-than-expected Q1 revenue, turn negative as Jeff Immelt says GE will try to boost earnings by cutting $1B in costs this year rather than relying primarily on sales growth (conference call). "The level of uncertainty in terms of their ability to meet their goals has risen," says one. Nomura calls the quarter "broadly disappointing." [View news story]
    I hate GE earning releases as they always are viewed negatively by the analyst resulting in a substantial drop for a good stock and company.
    Apr 19, 2013. 01:03 PM | 1 Like Like |Link to Comment
  • If you think Jamie Dimon (JPM) can't end up like Barclays' Bob Diamond, think again, says Jonathan Weil. The fact that JPMorgan only decided on Thursday to restate Q1 results shows that Dimon still hadn't grasped how internal controls are failing him and the company.  [View news story]
    Even if there is no apparent replacement for Dimon he needs to resign or be fired as a matter of business practice. He is in charge and the buck stops with him. He failed the organization and worse yet the shareholders. The loss is only the small part of the impact. His team is in disarray and his shareholders have lost $20 billion. If this happened to you do you think you would keep your job? NO!
    Jul 14, 2012. 12:56 PM | 2 Likes Like |Link to Comment
  • JPMorgan: Now A $9 Billion Loss? [View article]
    $9 billion is not the cost and a drop in the bucket. The real cost is the lost market value of the stock and the hit to shareholders. We need Jamie to resign.
    Jul 5, 2012. 08:38 AM | 1 Like Like |Link to Comment
  • Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays.  [View news story]
    Jamie will get what he deserves in the end.
    May 18, 2012. 12:00 PM | 1 Like Like |Link to Comment
  • General Electric Company - Shareholder/Analyst Call [View article]
    Why don't the analyst ask why the shares keep lagging?
    Mar 9, 2012. 12:41 PM | Likes Like |Link to Comment
  • GE: Good For Some, Bad For Others [View article]
    I agree about the negative impact of Immelt on GE. I worked there 18 years under Jack. I suggest not only voting our Jeffrey, but a vote against the board members too as they are quility of not firing him.
    Feb 9, 2012. 12:46 PM | 4 Likes Like |Link to Comment
  • GE Remains A Defensive Play [View article]
    I cannot agree with keeping Immelt. He has changed focus, OK, but has not obtained the buy-in from analysts. Jack had this same problem when GE was viewed as a congolmerate. He found a way to win the analyst over, hence the discount of 60% GE is now selling at. The board needs to fire Immelt now.
    Jan 20, 2012. 04:15 PM | Likes Like |Link to Comment