GE's Dividend Assertion is Dangerous [View article]
My comment i aimed at the primary author. Seems to me GE's Immelt has sold off the real link for most people with GE : the appliance and lightbulb sector. I am very suspicious that Immelt did this to generate money to cover his fanny over crazy expenditures that were thought to be big fast money (such as securitized mortgage loans) makers to support the usual 2nd half 20thC profit sharing bonanza for the management! Now i'm wondering if the move to tap the federal bailout pot is another management move to shore up 'winnings' so as to float more profit sharing bonanzae for upper management! I'm beginning to think O'Reilly is right when he says Immelt is ruining the company. Bye, from the Distinguished Fellow.
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My comment i aimed at the primary author.
Nov 15 00:44 am
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All Comments by distinguished fellow »GE's Dividend Assertion is Dangerous [View article]
Seems to me GE's Immelt has sold off the real link for most people with GE : the appliance and lightbulb sector. I am very suspicious that Immelt did this to generate money to cover his fanny over crazy expenditures that were thought to be big fast money (such as securitized mortgage loans) makers to support the usual 2nd half 20thC profit sharing bonanza for the management!
Now i'm wondering if the move to tap the federal bailout pot is another management move to shore up 'winnings' so as to float more profit sharing bonanzae for upper management! I'm beginning to think O'Reilly is right when he says Immelt is ruining the company.
Bye, from the Distinguished Fellow.