A Commentary On “GE’s Chief Declines $12 Million Bonus Amid Crisis”
Yep they have backlogs my friend its in the 10-k under the infrastructure area.
They are cutting headcount because they need to shrink their reliance on their finance businesses. This has to be done so people can understmoney and personal finance if GE is a Bank with industrial segments or and Industrial company with a finance division.
Right now with more than 55% of their net income coming from their finance businesses the market has run out of patience on them solving this issue. Jeff will finally have to make some bold moves to get the industrial vs. finace relationship in check.
