Capt. Dave in Georgia

General Electric Gets a $140B Bailout - What's the Point of AAA?

I retired in 1995 after 32 years with first GE and later GE Capital. We were driven hard by Mr. Welch and I know that, at that time he set a responsible and high set of standards. We all had to sign annually a document ( 20.4 & 20.5 I think) which acknowledged we knew we would be fired for any "shady actions". Jack did a lot of things very well and I wish he was still there. I think however his short list for a successor was pretty weak. Immelt is doing a horrible job and another runner-up ,Bob Nardelli first wrecked Home Depot and is now poised to wreck Chrysler. The third person on the list was McNerney who should have taken the reins. By biggest fear now is the security of my pension. I'm frankly afraid the new regime will try to redistibute it! I'm too old (74) to be a greeter in Walmart!