Shareholders face GE's future

Full story: Connecticut Post

Fresh off a disastrous quarter that wiped the luster from his company and still stinging from his predecessor's public scolding, General Electric Co.

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ONEINTHEKNOW

New Bedford, MA

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#1
Apr 20, 2008
 
Jack Welch is a big mouthed JACK-ASS!!!!! I think he should be arrested for what he said - sounds like a threat to me, but because he is who he is it goes unnoticed. You make me sick you freakin hypocrit!!!!!
Eddie

Westbury, NY

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#2
Apr 21, 2008
 
So the company makes money right-just not enough, at a time when others are posting huge losses. This sounds like greed, they'll probably layoof a couple of thousand people next quarter to make themselves look good
Kathy Lori

Boston, MA

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#3
Apr 21, 2008
 
So Jack Welch's answer is to shoot Immelt? What would Welch have done if he was still in charge? Probably whack 20% of the workforce in order to make his numbers. Talk is cheap. Welch was the big hero because he was in the right place at the right time. How would he do today with the current market?

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