Thread regarding General Electric Co. layoffs

And the govt isn't going to save this company. This is not Detroit. Majority of GE is outside the US.

Those of you still drinking the Kool aid are in the first stage if grief - denial. The guys at the top who let this happen are still going to walk away with pricey packages. If you haven't started floating your resume, I suggest you get started. Happy holidays.

50% dividend cut announced , not that they had alternatives on how badly this company has been managed. Unless there is a cultural shift ( which Flannery will be unable to do) , this will be the beginning of a slow death of what will be left of GE.

Given what recently leaked out in the press, JF cares about the market price, not the employees. Just look at our minimal severance packages...50 percent of employees about to be cut.

We could get 10% of that $2B by clawing back Immelt’s retirement package. Probably another 10% by ending all executive bonuses. Cut the BOD to half it’s current size.

The goal is to cut 2B over 2 years. Over 500M has already been saved. A dividend cut of 10% would pay for the remaining balance over 2 years.

Flannery is going to be straight up and it will be painful. Dividend payouts of most companies run 25 to 50 % of free cash flow which means GE needs a 50% cut or may be a 25% cut, with additional debt till cost out takes hold. GE has too many heads, mostly in Power but others will be impacted. He will not be using smoke and mirrors, that resides with Immelt and Bernstein.

He has to cut it. There really is no good alternative at this time.

If the dividend is not reduced, it will set events into motion that will end GE permanently. Brace for impact tomorrow.