GE: How the mighty has fallen

April 10, 2015 4:48 PM

69 0

General Electric (GE) used to be the Apple of the market. It was the “cradle of CEOs.” It was the House that Jack built. But now – it’s just another industrial company.

GE announced today it’s selling off much of its real estate portfolio in a broader effort to focus on its industrial business. Getting out of the risky banking business might prove a successful way to boost GE’s returns, but it’s taking away the company’s fading reputation as being the biggest of th...

Also read: GE Takes Hit From Old Mortgage Unit but Says Turnaround on Track

Read more

To category page