GE restructures to streamline businesses
General Electric Co., which owns businesses ranging from light bulbs to NBC television, on Friday said it will restructure into four businesses from six, a move that Chief Executive Officer Jeff Immelt says ...
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#1 Jul 28, 2008
This will just hide the continuing poor results of underperforming businesses. A restructure addresses issues. This is not a restructure.
#2 Aug 12, 2008
Again Ge is getting out of the manufacturing business.except for aircraft engine and railroad engines Ge is mostly just a money store.
I've owned thousands of Ge stock for over 20 yrs and this Immelt is killing me.
Ge should spin off it's ceo and chairman.
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