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Title: "We bring good things to life..." Post by: gleek on March 06, 2009, 07:50:18 AM Here are a couple of stories on the formerly most valuable company in the world:
GE Capital (http://www.bloomberg.com/apps/news?pid=20601109&sid=ary2g22GtuFA&refer=home) apparently couldn't keep its nose clean. stroh surrenders (http://www.bloomberg.com/apps/news?pid=20601087&sid=abocOzk_9Qck&refer=home). Title: Re: "We bring good things to life..." Post by: stroh on March 06, 2009, 08:32:03 AM :oTM
Title: Re: "We bring good things to life..." Post by: MFAWG on March 06, 2009, 11:27:58 AM http://www.msnbc.msn.com/id/29541470/
Quote GE shows how quickly things have changed. On Dec. 12, 2006, GE chief executive Jeffrey Immelt said: "If you think about the world today, there is infinite capital. That wasn't true five years ago, wasn't true 10 years ago, may not be true five years from now." Now GE, like many companies, is being forced to pump cash into its ailing finance arms, while the finance arms cut back on lending, hurting sales. :asshat: :bricks: |