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re: GE Stock Down 13% after Whistleblower claims "Bigger Fraud than Enron"

Posted on 8/15/19 at 7:49 pm to
Posted by baobabtiger
Member since May 2009
4724 posts
Posted on 8/15/19 at 7:49 pm to
I bought 3 months ago??
Posted by Helo
Orlando
Member since Nov 2004
4592 posts
Posted on 8/15/19 at 8:57 pm to
quote:

Who was the big wig at GE that loved Jug Ears?

Immelt

He got canned.
He made one bad decision after another.
Posted by Anaximander
3524 Third St New Orleans, LA
Member since Jun 2018
3412 posts
Posted on 8/15/19 at 9:13 pm to
The irony of this is that I had a friend who worked at Enron who is now with GE Capital and was bragging about the same kind of deals.
Posted by pickle311
Liberty Hill TX
Member since Sep 2008
1056 posts
Posted on 8/15/19 at 9:25 pm to
quote:

Immelt He got canned. He made one bad decision after another.


Immelt was terrible. I work for GE Healthcare and it's going to take years for us to recover from Immelt, and we still turn a solid profit. Other sectors of GE likely won't survive.
Last year they were supposed to split off healthcare from the rest of GE, we would be our own company. Ended up not happening, they need our profits to pay the bills for the rest of the crap Immelt ran into the ground.
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