> RoMunn wrote: > How in the world is > this guy still CEO? > They've got $50 billion in cash on hand and made $20 billion last year. And that's WITH GE capital which has $650 billion on its balance sheet. And despite the sub-prime meltdown, GE is *claiming* little exposure and they've got one of the top credit ratings in the biz. Not to mention before the crash they had one of the highest dividends.
In your defense, GE is underperforming the dow (which some people think makes it a value). In GE's defense that's because the company needs to be completely restructured (not Immelt's fault) and should be using it's huge cash right now to pick off targets. Unfortunately GE may have more exposure than it claims and so it's saving up for that. But even if it doesn't the perception is enough to keep GE frozen right now when they should be transforming. Personally I think Immelt's doing a phenomenal job given the pile on his desk. But if enough investors don't, I'd be VERY interested to see who they think can do a better job than him. Cause I don't think that person exists. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:295761 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
