TraderJoe100

General Electric: Genuine Risk of Collapse?

Yep


On Nov 17 10:12 PM copperbaron wrote:

> >>took over from icon Jack Welch in 2001<<
>
> Yeah, Immelt took over from Welch, who is wrongly credited as some
> sort of management guru.
>
> The truth is - GE amassed a HUGE amount of leverage under Jack Welch,
> almost like a hedge fund. Lots of risky loans and huge debts. But
> it was a big bull market, and it didn't blow up in his face.
>
> Now it is ready to blow up, and Immelt gets blamed??
>
> Puh-leeze! Jack Welch is perhaps the most overrated CEO in the history
> of American business. He is, without a doubt, one of THE most self-aggrandizing.
> The fact that this joker took about $1 BILLION of compensation out
> of GE is truly disgusting, and shows how very corrupt and distorted
> our business systems are here in the U.S. - from executive pay to
> a wildly distorted stock market that overvalued GE for the last twenty
> years, at least.