Erik H. Wrote:
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> espee2472 Wrote:
> --------------------------------------------------
> -----
> > sell your soul/business, what did you expect?
> wall street devours it's own
>
> GE sold its soul back in the 1990s when it started
> divesting its consumer businesses, became a bank
> (GE Capital), licensed its name and logo to anyone
> who could fog a mirror, and branched out into all
> sorts of companies having nothing to do with the E
> in General Electric.
>
> Today the only thing GE makes on its own are
> locomotives, aircraft engines, some medical
> equipment, and some oil & gas exploration stuff it
> bought from another company. The LED lights that
> you see at your favorite store that say "GE"?
> Nope, they aren't made by GE. The appliances sold
> at Home Depot or Lowes or Sears with the GE Logo?
> They're now made by Haier, a Chinese company. The
> electrical stuff? All licensed out to different
> companies.
>
> I think right now, GE is in breakup mode, just
> like Westinghouse. The only difference is
> Westinghouse bought CBS and CBS is the legal
> successor having sold all of its manufacturing
> assets (CBS still owns the Westinghouse name and
> logo); while GE already sold off NBC.

...that POS, Jack Welch for all the above.