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Car Forum / Toyota / Toyota Cars / October 2008{OT} General Electric
The guy most responsible for the founding of General Electric is Thomas Alva Edison. Wonder what he would think of Jeffery Immelt, the current CEO? 1920: GE helps to create RCA to 'Americanize' American Marconi. 1926: RCA helps launch NBC, the first radio network 1927, RCA buys Victor in the US, creating RCA Victor. 1986 GE buys RCA to get NBC. Charles the Curmudgeon > The guy most responsible for the founding of General Electric is Thomas Alva > Edison. Wonder what he would think of Jeffery Immelt, the current CEO? [quoted text clipped - 5 lines] > > Charles the Curmudgeon 2008 and GE is having problems, commercial paper lockup. GE under siege http://money.cnn.com/2008/10/09/news/companies/colvin_ge.fortune/index.htm?postv ersion=2008101015 > The guy most responsible for the founding of General Electric is Thomas > Alva Edison. Wonder what he would think of Jeffery Immelt, the current [quoted text clipped - 6 lines] > > Charles the Curmudgeon Thank heaven for Jack Welch--At least the stock I have is still gathering dividends as it plunges to the lowest I've ever seen. MLD > > The guy most responsible for the founding of General Electric is Thomas > > Alva Edison. Wonder what he would think of Jeffery Immelt, the current [quoted text clipped - 10 lines] > dividends as it plunges to the lowest I've ever seen. > MLD Who or what do you blame for that plunge? -- >> > The guy most responsible for the founding of General Electric is Thomas >> > Alva Edison. Wonder what he would think of Jeffery Immelt, the current [quoted text clipped - 12 lines] > > Who or what do you blame for that plunge? Probably the financial market crisis. GE is now making more money from financials than they are from manufacturing, sort of like GM. >> > The guy most responsible for the founding of General Electric is Thomas >> > Alva Edison. Wonder what he would think of Jeffery Immelt, the current [quoted text clipped - 12 lines] > > Who or what do you blame for that plunge? I don't know enough to place blame on "who or what". I have my thoughts. I just know that Immelt is not Welch--maybe it's the times or the person. He (Immelt) wasn't picked lightly. Just read Welch's book on his growth and reign as CEO. Welch evaluated his executives over a number of years gradually zeroing in on his replacement. Did he miss or is Immelt being screwed by the what's been going on for the last few years? I worked for GE during the Welch time frame and bought GE stock from '83-94 as part of the saving's program. The price may be down right now but the dividends are paid every quarter and have gone up every year. No complaint from me! MLD > >> > The guy most responsible for the founding of General Electric is Thomas > >> > Alva Edison. Wonder what he would think of Jeffery Immelt, the current [quoted text clipped - 23 lines] > paid every quarter and have gone up every year. No complaint from me! > MLD Ok, just hang on to your GE stock, (my opinion) buy more if you can while the price is low, it will rebound. GE is solid. -- > In article <gctpmt$a6...@aioe.org>, "MLD" <M...@verizon.net> wrote: > > > In article <gcsp2c$6h...@aioe.org>, "MLD" <M...@verizon.net> wrote: [quoted text clipped - 30 lines] > while the price is low, it will rebound. GE is solid. > -- No only is GE on sale, but so are a lot of other companies. There really is a financial crisis. The fundamentals of the economy are ok (not great, but fundamentally ok). Now is a good time to buy stock. Jeff >> The guy most responsible for the founding of General Electric is Thomas >> Alva Edison. Wonder what he would think of Jeffery Immelt, the current [quoted text clipped - 10 lines] > dividends as it plunges to the lowest I've ever seen. > MLD GE right now is a bargain. I have never seen it this low, and no matter what happens to GE it always seems to hover around 37. Of course, when *I* was working for GE the stock soared to 72, and then they split 2-for-1 to get it back to 36. |
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