Man..these folks at SA are like CNN to Donald Trump. F_cking everything they post is negative on GE. Talk about conflict of interest concerns, or more likely shorting the stock ...or what. I get GE is a sh_t hole to work for that is why we post here.
2 replies (most recent on top)
1nte ...bravo , I cannot dispute anything you wrote , and I started the dialog !
You mean this?
"Flannery came across as deliberative and incremental, rather than decisive and obsessed with starting to get the ship turned around yesterday. His attempt to reset a lower bar that will be easier to surpass, including a dividend cut that wasn't completely needed, struck me as disingenuous and very much something you'd do if you were trying to play your shareholders. For a company in GE's situation, you need to convince your shareholders that you are going to be 100% honest and forthright with them, put their interests foremost, and if you don't know what you are going to do, you need to get up and say 'I haven't decided on everything I'm going to do to turn this company around. I have a starting point, and here it is, but as our company evolves, I need flexibility to change up the strategy and I don't want to BS you today by telling you that I already know everything that I'm exactly going to do.' Instead we got boardroom double speak and pablum about needing to focus on execution."
It's true. Flannery is waiting for his boss to tell him what to do. Immelt left though. Immelt had to leave because he was unsure what to do. Every decision was two years too late. Jack drove all the leaders out of the company. He left behind a bunch of followers.