Somehow you forgot to mention that GE is off its high of $61. Given that, moving from $6 to $16 doesn't seem all that great, does it? Thanks to I-Melt, we'll all be living off social security in retirement, so I guess we'll have to turn democratic.
GE and Ford Lead October Sentiment for 'Comeback' Securities [View article]
GE's going nowhere as long as I-melt is around. Any positive sentiment is based on the hope that the Board will finally act and end our 8 years of embarrassment and misery under the architect of such brilliant strategies as Ecomagination, Healthymagination, and StockPriceStagination.
This stock will never get any momentum with Immelt around. You never know what promise he will make and break or what brilliant marketing strategy he'll come up with.
GE's New Fund Hopes to Help 'Shape the Future of Healthcare' [View article]
I'm sure the brilliant strategy of selling $5,000 ultrasound machines to developing countries will more than fund this initiative - NOT! How much as GE put aside to cover all the litigation over MRI contrast agents? Immelt is destroying this company with his half-brained ideas and inability to deliver on anything.
Immelt is a pathological liar that has destroyed one of the finest companies in the world. I find it particularly telling that Jack Welch has completely distanced himself from the company, most likely due to his personal embarrassment over his selection of Immelt. This stock is going nowhere until the board removes both Immelt and Keith Sherin (CFO).
GE - Bad Management Strategy or Bad Luck? [View article]
Immelt is a blithering idiot and poster child for pretty, yet unqualified CEOs. He has destroyed more personal wealth than Madoff. The Board is obligated to remove this idiot and restore GE to its rightful place. Bring in Mark Hurd!
Jeff Immelt's GE: A Study in Corporate Leadership [View article]
Yes, Jeff is a nice guy that is personable. That does not make him a good leader. He's had 8 years to make his mark, but check the stock performance over his tenure. It's not just the last 18 months. It has languished over the entire period, and he has done nothing to increase shareholder value or keep GE on top in terms of culture, most-admired companies, management development, or any other measure. Your assessment of his ability is clearly influenced by his personality. He's lost the faith of institutional investors because of his credibility problem. If the board had any sense, they would bring in Mark Hurd of HP.
Shareholder Communications: Kudos to GE's Immelt, Dominion [View article]
Are you joking? Immelt is a blithering idiot that has ruined one of the finest companies in history. Go back and read every shareholder letter he's ever written. He begins every one with an apology over the share price and his performance. GE was once at the top of every corporate list for governance, innovation, management development, etc. And now look at where they are thanks to Jeff. He's a nice guy that has destroyed more personal wealth than Madoff.
GE Sum of Parts Valuation: Why I'm Skittish on This Stock [View article]
Great article. I'm especially glad to see financial reporters putting some pressure on Immelt. He's been an absolute disaster for GE, and the board has failed to meet its responsibility. GE will never recover until Immelt is gone.
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I thought so.
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The answer is simple. Get rid of Immelt and put a credible leader in place who can define a corporate strategy for GE.
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