The White House, Bank Lending and PR Ploys [View article]
Economy is crappy, lending is risky, executives cannot earn bonus if the banks are profitable, there are few new small businesses; these are the current realities. Few bank executives makes a good back drop and some meaningless statements makes up for the white house PR. Welcome to governing 2009.
Isn't the past rosy earnings were from GE finance? If so then the future may not return to the same level as you predict. Also, GE has another dud, the appliance division in their portfolio. They have to make some major portfolio re-alignment before returning to consistent earnings growth.
GE capital business is more than extending capital for its equipments. I particularly do not have a problem GE being in the financing business. I specifically have a problem with the incompetent CEO. As a conglomerate the management ought to have recognized the exposure due to over reliance on profitability from one division. They have masked the inefficiencies in other businesses by projecting the unsustainable profitability. I still do not believe the GE management has recognized the problem. Now they are using NBC to curry favors with the Obama administration so that they can keep their position.
GE future is now tied to the hip with the Obama administration not based on management, business strategy or product innovation.
This still does not absolve Immelt of his incompetence. The mark of an exceptional conglomerate is not to gamble the future of entire company by skewing heavily for profit on one line of business. Immelt failed miserably and should not be trusted with CEO responsibilities going forward.
How Obama's New Financial Rules Might Bite GE [View article]
Immelt need to be fired for the following reasons:
1)GE's performance under his tenure. Don’t blame it on the broad market. 2)For chumming with the President to gain political cover for his failures, instead of stewarding the company to better future 3)Prostituting GE’s assets (NBC, MSNBC) to provide biased political coverage to save his rear end from getting kicked out of his CEO position 4)Making false statements about dividend payouts 5)Failure to demonstrate CEO skills to lead a large company like GE
Ideological News Dominates Prime-Time Cable Now [View article]
Just a little correction.
MSNBC does play to the left wing emotions. FOX reporting and debate format is more objective. Not being left wing does not automaticlly falls under right wing. With internet, blogs and raw footages in youtube one can easily verify the truth (if one wants to). So I do not pur FOX under right wing.
CNN pretended to be true news outlet, now that they are disrobed, left went to MSNBC, right and truth seekers went to fox. Few who do not know how to operate remote are stuck watching CNN.
Share Buybacks and Dividends: The Missing Fine Print [View article]
I would rather S & P 500 companies not spend too much on R & D because of their dismal record on developing new products. It is better to distribute the cash in terms of cost cutting measures, share buybacks, dividend distributions and new acquisition.
I am bullish on GE for the long term. But Immelt has failed to lead and he needs to go. He lead GE into the current turmoil instead preparing the company to be in a situation to take advantage of current market. The company portfolio needs to be balanced so that failure in one industry do not bring the value so much.
The White House, Bank Lending and PR Ploys [View article]
Why Does Comcast Want NBC? [View article]
US is becoming like 3rd world countries where corporations can add political clout to their intangible assets.
GE CEO Immelt: Misdirected on Healthcare [View article]
GE: Buy on Valuation [View article]
Just How Important Is GE Capital? [View article]
GE future is now tied to the hip with the Obama administration not based on management, business strategy or product innovation.
GE's Imagination at Work [View article]
This still does not absolve Immelt of his incompetence. The mark of an exceptional conglomerate is not to gamble the future of entire company by skewing heavily for profit on one line of business. Immelt failed miserably and should not be trusted with CEO responsibilities going forward.
GE Capital Back in the Game (to Win) [View article]
The real culprit is Immelt. I am surprised to hear no peep about him.
How Obama's New Financial Rules Might Bite GE [View article]
1)GE's performance under his tenure. Don’t blame it on the broad market.
2)For chumming with the President to gain political cover for his failures, instead of stewarding the company to better future
3)Prostituting GE’s assets (NBC, MSNBC) to provide biased political coverage to save his rear end from getting kicked out of his CEO position
4)Making false statements about dividend payouts
5)Failure to demonstrate CEO skills to lead a large company like GE
Will NBC's Strategy Improve Ad Sales? [View article]
IBM: Reflating the Corporate Bubble, GE-Style [View article]
But linking layoff to the topic is meaningless.
Ideological News Dominates Prime-Time Cable Now [View article]
MSNBC does play to the left wing emotions. FOX reporting and debate format is more objective. Not being left wing does not automaticlly falls under right wing. With internet, blogs and raw footages in youtube one can easily verify the truth (if one wants to). So I do not pur FOX under right wing.
CNN pretended to be true news outlet, now that they are disrobed, left went to MSNBC, right and truth seekers went to fox. Few who do not know how to operate remote are stuck watching CNN.
Share Buybacks and Dividends: The Missing Fine Print [View article]
How Well Does Fox News Mix with Reality? [View article]
Earnings Preview: General Electric [View article]