General Electric And Its Credibility Problem

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About: General Electric Company (GE)
by: John M. Mason
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John M. Mason
Banks, long-term horizon
Summary

The "good news" of the General Electric earnings report on Thursday was that "there were no nasty surprises."

The "bad news" of the General Electric earnings report on Thursday was that the company has a ways to go in order to fix its credibility problem.

One way to try and regain "trust" within the investment community is for GE to replace its accounting firm, KPMG, an organization it has been associated with for 110 years.

The headlines in the “paper” edition of the Financial Times presents the story I believe to be most important in the recovery of General Electric (NYSE: GE).

"GE Starts to Fix “Credibility Problem.”"

To