Word: ge
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...boundlessly buying new businesses and the other by ripping itself apart. These are choices that companies face all the time, by the way, and they are critical to stock-market performance. One company is AT&T, which last week announced its third breakup in 17 years. The other is GE, which unveiled its umpteenth and largest acquisition--$45 billion for defense contractor Honeywell...
...GE mediocre? The corporate icon headed by Jack Welch since 1981 has thrived by being focused. Be No. 1 or No. 2 in a business. Period. Welch has amassed operations in a dozen industries ranging from financial services to aerospace to media. With Welch steering, GE has increased its market value from $13 billion to $518 billion, becoming the most valuable company in the world...
Shareholders continue to be amply rewarded. GE is up modestly this year, while the Dow is down 8%. Call it the Welch premium. GE's remarkable ability to keep its stock rising means investors are willing to pay more for it. Currently, they pay $43 for every $1 of annual GE earnings. At Honeywell, investors before the announced takeover were paying a mere $21 for $1 of earnings...
This week that rebellion will be crushed--along with thousands of jobs--as Xerox is expected to announce its latest massive restructuring. Last week the company was reportedly considering selling its debt-ridden financing operation, which lends money to prospective customers, to GE Capital. It has also discussed selling Xerox PARC, its research center in Silicon Valley, a source of great innovation--from the computer mouse to the graphical user interface and laser printer--but, thanks to the missteps of top brass, not a source of much income...
...detailing his struggle with testicular cancer, and in September, Fall Down, Laughing: How Squiggy Caught MS and Didn't Tell Nobody, by David Lander of Laverne & Shirley. But you don't have to be ailing to get a lot of money for your book; you could just be rich. GE chairman Jack Welch is getting $7.1 million to crank out his story when he retires next year...