Thread regarding General Electric Co. layoffs

The question for 3jq1, what did GE do with the companies retirement funds and assets when they acquired them? GE has been nothing but a corporate raider of profitable companies for years. If they did not make money or have assets GE would not have bought them in the first place.. After a period of time GE s---s the financial life out of the acquired company . They then put the asset up for sale with a fine print balance sheet note , "GE itself being the largest client of the asset being sold" and two years down the road GE cuts ties with the sold company and they struggle to meet their financial targets. Who on earth wants GE as customer? Not many folks. Their payment terms stink!

According to your report if he bought 175B and sold 400B at a cost of 1.75B in fees then that’s good business. You’re right about timing though. There was time to pull out of the baker deal when the industry looked like it was going over the cliff edge but some fantasy led them to fix the deal.

GE has been buying and selling businesses at the wrong point in the business cycle for much longer than just the last few years. It wasn’t one bad deal it was hundreds of bad deals on both the buy side and sell side. Immelt’s deal Making was especially horrendous as he bought and sold assets at the completely wrong time of the business cycle for each industry.

By the company’s own calculations, during Immelt’s tenure, GE made 380 acquisitions that came at a cost of over $175 billion. It further sold off 370 assets worth a total of $400 billion. Thus, GE struck an average of 46 acquisitions and divestitures annually during Immelt’s tenure at a value of $35 billion, churning roughly 9% of its total current enterprise value every year.

This activity came with a cost. The company paid a total of nearly $1.7 billion in M&A fees since 2001, according to data provided to FORBES by Freeman & Co.

https://www.forbes.com/sites/antoinegara/2017/06/15/for-ges-jeff-immelt-hundreds-of-deals-and-575-billion-didnt-yield-a-higher-stock-price/

big d deal, we sold capital and IPOd Synchrony at the bottom of the SIFI market, and we bought Alstom right before the fossil generation market dropped off the face of the earth, so here we go again, let’s sell transportation and then in two years watch the global locomotive market skyrocket for some reason

We need to walk away from the pension liabilities - just need to file a quick bankruptcy like GM and move on

GE is rotten from within. Want to try save it? Fire all EB leadership, change the culture, if you can.... GL.

Back to basics. Decentralization. Holding Tier 1 biz accountable. All good things.

rigor mortis?

Rigor has already set in.