they either have to turn a profit or liquidate their assets in a sell off. Since the former seems impossible for any exec who dares to take the job, the latter will occur either before or after bankruptcy declaration. If after, the stock holders loose a percent or all of their value. If before it would go towards their massive debt payments and stock dividends they have had to delay several times now.
I don't see this company improving any time soon, and looking at the stock price, neither does anyone else.
Can't believe they can't squeeze profit out of all the businesses they are in. There's money in all of them (rail, healthcare, power, oil/gas, etc.) and others are profiting; GE should have been able to leverage their own capital and knowledge to compete. Very odd.
They'll probably shit out Baker Hughes again and BJ Services will buy it up, kek
Their medical machines have had service problems the past few years, i've heard half or more of those are due to windows xp being part of the software package that keeps crashing, yet is required to run their machines.
At least the windows 7 machines won't auto update to windows 10 any more on the medical devices.
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