GE - Get Rid of Immelt
Friday, October 24th, 2008 |
With the economy and Wall Street’s woes, and stocks everywhere taking a dive, one would think companies would be trying to do what they can to get stock prices back up. For the most part, I’m sure companies are trying to do that. But I have to wonder what is going on with GE. I own a few shares of GE stock, and have watched it nosedive over the past few weeks. One year ago today, GE was at $40.33 a share, and today it closed at $17.83. Ouch.
I realize that the economy has slammed businesses hard - especially if they were involved with poor financial investments and the high risk mortgage industry. But companies need to start holding people responsible for the terrible decisions that were made. Jeff Immelt has not helped GE, and he needs to be held responsible (along with the board) for what’s happening to the company. Especially since Immelt said that things were fine, and obviously they are not.
I’m tired of seeing my portfolio go down. GE needs to act immediately so shareholders can feel that something is being done to help recoup losses.
GE - do something soon, before all of your shareholders lose faith in you.
No comments yet.
Leave a comment
Archive
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- July 2009
- June 2009
- May 2009
- November 2008
- October 2008
- September 2008
- August 2008
- May 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- September 2005
- August 2005