The company engaged in risky speculation in the finance field far away from its core competencies, while embracing progressive values in its fabled industrial divisions.
It's as if they don't understand that "progressive" is newspeak for "socialist".








"when GE still owned MSNBC and NBC"
We can grow our company from the heart outwards!
But their heart was in the right place.
https://www.huffingtonpost.com/dr-alexander-haldemann/startup-slideshow-test_b_7181672.html
"progressive" is newspeak for "socialist"
Could not find more precise characterization.
Hit the nail on the head.
Would only say its beginning to smell of fascism where the government and the corporations pass the advantages to each other not unlike Irving, Bombardier and now the media looking for taxpayers cash.
Once the media get it, the game is over, they of necessity must support the government or else.
There is not a politician in the whole country with a backbone to tell them to go suck a lemon.
You will be bombarded with propaganda every day all day, no time for fair and balanced, not time for the news. Propaganda will be the theme of days.
Was GE being run by a bunch of know-nothing MBAs? It sure sounds like it.
If it continues, it'll go belly up just like Sears did.
GE was fully invested in Obama ... and the ever-expanding corporate welfare dished-out by the Federal Government. Thankfully ... Trump is the “market correction” to runaway government spending.
The day Obama was elected ... the whole world “went green”. Obama preached the EXACT same thing as Jimmy Carter: use less ... do with less ... put on a sweater ... buy a solar panel ... plant your own kale. In fact, the company I worked for at the time removed ALL plastic water bottles from meetings and conference rooms, and replaced them with glasses and pitchers of water ... as virtue-signal to our clients.
Obama’s malaise even superseded Jimmy Carter’s malaise
GE “went green” as signaled by the reprobate hippie wanna-be’s in the Obama Admin. I kept SCREAMING that ... We’ve seen this movie before! Jimmy Carter had played it on his Betamax. But Obama insisted on a college sophomoric new era of “renewable” energy for all. Now Obama was live-streaming his steaming pile of Jimmy Carter excrement. T. Boone Pickens bet everything he had ($billions) on Oklahoma and Texas windfarms ... and LOST ($billions) ...
http://dailycaller.com/2013/09/16/wind-investments-blow-pickens-off-the-forbes-400-list/
GE executives “bought” the “green” revolution ... and when it sold-off ... ended up worse than T-Boone-Slim Pickens. I look around my neighborhood and see solar panels on (mostly) only government rooftops ... schools, public transit ... very few on the rooftops of my neighbors despite PG&E driving them to it. We’ve just passed through 8-Years of Jimmy Carter’s downward-dog economic yoga. Only THIS TIME ... the Federal Reserve FUNDED it with ZERO Interest rates.
Thankfully ... the Adults are back in charge. Sorry GE ... you bet on the hype ... not the fundamentals. See Ya !!! Ha. and you call us “Deniers” ... dinosaurs. Sorry, you ... are the ones decomposing in a tar pit now ... IDIOTS.
Speaking of risky speculation in finance: Yesterday's 1175-point rout of the Dow obliterated many investors in "volatility selling" funds XIV and SVXY. XIV will be shut down on Feb. 20th; SVXY dropped 91% in a day.
https://www.marketwatch.com/story/xiv-trader-ive-lost-4-million-3-years-of-work-and-other-peoples-money-2018-02-06
They should have gotten out after the 666-point drop on Friday. Number of the Beast, and all that.
GE meets Venezuela.
from the link:
"(The appliance business was sold to the Chinese manufacturer Haier Group in 2016, along with a license to use the GE brand.)"
uhuh. *using money spent by 'mercuns to buy all those cheap cheap cheap consumer goods. so cheap they are, at times the item has been subjected to so many 'cost savings' the *&^^*# doesn't FUNCTION anymore.
this is a case of the 'mercuns getting a taste of their own medicine, this is *precisely* what happened in Canuckistan, we buy their finished stuff, they use the profits to buy more and more Canuckistan businesses. the excuse was always 'economies of scale'. this was the predominant thought back in the middle of the last century.
and the Ottawa mandarins constantly harp about how 'beneficial' these trade deals are. 'opening new markets; bla bla bla. ya, for our raw materials. mined and whatever by the CHINESE owned operations.
China oddly enough, is clearly a very successful CAPITALIST power. I wonder what the Mao fan club think of that? oh, they don't. think that is.
Everything the left and Liberals touch turns to crap.
Bet on it....
Funny enough, IIRC, GE has spent more than any other company on lobbying the USG. That it didn't pay off so well is reason to hope.
GE shareholders sat on their asses as Geoffery Baby GangGreened them.
Ha Ha.
If a government subsidy mining company choses to commit suicide ..more power to them.
It would be great if GE collapsed in its socialist inspired filth.
"GE has spent more than any other company on lobbying the USG. That it didn't pay off so well is reason to hope."
Funnily enough, maybe you can recall that Obama gave GE a tax holiday so the money that GE spent on lobbying was just some of the taxes they didn't have to pay.
https://www.frontpagemag.com/point/172515/how-obama-and-senate-democrats-freed-ge-paying-daniel-greenfield
And I'd say, according to the link, that it paid off handsomely.
But you just keep warming your cockles with your ignorance and delusions.
I feel my pain.
I bought GE when the stock was already deeplydepressed, partly because they seemed poised to become a leader in 3-D printing which has massive implications for complex parts in the aerospace industries.
And because.... buy low, sell high.
Except my low buy-in price was only a precursor to an even lower future price. Oh well. In for a penny, in for a pound. If I hang on until I'm 80 or so, it may prove to be a decent investment.