Getting Ready to Turn Out the Lights at GE

When I was a senior in high school I was awarded the Optimists Club Student of the Year Award at Lee High School in Springfield, Virginia. Ever since then, 46 years since then, I have tried to live up to that award and be, well, optimistic. Occasionally that has been difficult. Life throws you a curve every once in a while, but generally I smile and keep on truckin'.
Darn it but this economy is really challenging my smile o meter. In fact I cannot figure out what's wrong. Just a couple years ago General Electric was worth more than $500 Billion dollars, that's like $50 per share. It made everything from light bulbs to refrigerators to jet engines but most of all it made money and created lots of jobs.
GE, with the possible exception of Procter & Gamble, was considered the best place for a smart MBA grad to go work to learn from Jack Welch and someday become CEO of GE or another Fortune 500 company. If you want to learn to run a business, go to GE.
Well, that's not true any more. The stock is below $9.00 per share and the dividend has been cut by 66.7%.. It just ain't true and I think that we may all be getting ready to turn out the lights...and they aren't made by GE any more. Sphere: Related Content