this post was submitted on 24 Sep 2023
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Yes, because that article was garbage that had its lips firmly glued to Jack Welshes taint.
GE has a 7% rise in profits from 1979 into 1980. And spoiler, there is no GE today. It's been broken up after it was pulled from the S&P due to massive financial fraud and bankruptcy, all due to following Jack Welsh's management style.
https://www.ge.com/investor-relations/stocks
Ge is till a company
For the moment, but soon it will be three companies.
All because of the fraud.