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The dismantling of GE, once America’s iconic everything company, is now complete. | CNN Business
GE once did everything for the typical American family - from providing much of the television they watched, to the light bulbs and appliances they depended upon, the electricity needed to power those household staples, even the subprime mortgage that allowed many of them to buy their homes.
GE once did almost everything for the typical American family – from providing much of the television they watched, to the light bulbs and appliances they depended upon, the electricity needed to power those household staples, even the subprime mortgage that allowed many of them to buy their homes. But instead of dealing with that debt and fixing its myriad problems, it spent tens of billions on share repurchases and dividends in a desperate attempt to support its sagging stock price. In an interview on CNBC Tuesday, Culp dodged a question about whether he would be interested in that job, voicing confidence in Boeing, which is a major customer of GE’s engines.
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