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S&P downgrades debt-riddled GE and GE Capital (money.cnn.com)

submitted 1 month ago by tuxbot@infosec.pub to c/economy@lemmy.world

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[–] Mooncheeze@lemmy.world 6 points 1 month ago (1 children)

Why post an article from 2018?

[–] Albbi@lemmy.ca 2 points 1 month ago* (last edited 1 month ago)

Happy 2nd cake day!

Also, yeah that's weird to post a 6 year old article.

[–] Retreaux@lemmy.world 2 points 1 month ago

The ghost of Jack Welch is cackling at this very moment.

[–] sunzu2@thebrainbin.org 1 points 1 month ago (1 children)

Ohh another conglomerate that boomers ran into the ground!

We "leadership" like thisbno wonder china is catching up

[–] tmyakal@lemm.ee 1 points 1 month ago (1 children)

This article is four years old. GE did react and right the ship, eventually splitting into three separate companies for the three business sectors they serviced. All of them seem to be doing fine.

[–] sunzu2@thebrainbin.org 1 points 1 month ago (1 children)

How much fed money did they take during that time period?

[–] tmyakal@lemm.ee 2 points 1 month ago (1 children)

Tons. It turns out that when the government said they wanted to invest in American manufacturing and green energy, that meant giving a ton of money to an American manufacturer that is producing wind farms.

[–] sunzu2@thebrainbin.org 1 points 1 month ago

Aint private capital grand? 🤡