Flannery was asked hard questions, and some cases had no answers...Jim Cramer almost crushed him about accounting practices. Flannery is only going to take this company down further and further.
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Just like GE stocks
Welcome to good old American Capitalism.
Cramer actually seemed loaded for bear but pulled his punches to a great extent. Flim Flann man is a deer in the headlights. Cramer was perhaps too respectful but there will be more interviews with him. Gave him a little rope is all.
After dropping Trans, Ind Lighting and BH the company will be much smaller. Power is the next likely divesture to appease investors.
@uxw - GE has over 300,000 employees. It will take MANY "tens of thousands" of jobs to cut the company in half.
Is there a link to this interview?
Was painful to watch
It is all about this as @uxw said
JF will retire with many many millions. Each member of the board will double their wealth
He can’t be honest or Immelt, and possibly other BOD members, would go to jail. Flannery is the ax man who was put in place to cover up Immelt’s mismanagement and cut up the company. In 5 years or less, when GE is half its current size and tens of thousands of jobs are gone, JF will retire with many many millions. Each member of the board will double their wealth over that same time frame as the company coffers are pilfered. Where is the SEC?