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  • Wall Street Breakfast: Must-Know News [View article]
    From IndexBeating.com:
    GE Breakup? Being a GE shareholder I received my proxy vote form this morning for the April 22st annual meeting. Aside from the normal election of board memebers, there was one question that caught my eye. It simply read “Independent Study Regarding Breaking Up GE” The board of directors recommends a “No” vote. There is an obvious reason for this, an independent study would find that shareholders would realize value if GE was broken up, but the directors of the board would be directing a much smaller company. There is lots of data that shows when there is a spin-off the combines value of the new companies is worth more than the value of the old company. In GE’s case this is happening from the financial arm right now, they are dragging down all the healthy businesses connected with GE. John Hepburn wrote the proposal for the proxy statement and really says it well (GE down 75% since he wrote this)
    Mar 26 08:33 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    You are ignorant.
    Jul 02 09:06 am |Rating: 0 0 |Link to Comment
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