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.