October 20, 2017

GE Misses on Earnings and Pares Back Lives

Charisse Jones – USA Today:

General Electric’s earnings tumbled in the third quarter, missing Wall Street’s expectations as the company said that it will pare $20 billion in businesses within the next two years to make its operations more efficient.

Miss a quarter, shed $20 billion in subsidiary businesses. What do you suppose happens to the people working in those subsidiaries? Do you believe anyone trading GE shares cares?

Shit like this is what got Trump elected.

(Yeah, I changed the headline. More to the point.)

#American #greed #GE #financial

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