Zitat

---

General Electric has paid a dividend for 119 consecutive years, including during the Great Depression and the 2008 financial meltdown. Goldman Sachs thinks that streak needs to come to an end.

GE is sitting on a mountain of debt accumulated by a series of bad deals, shrinking revenue and a huge pension shortfall. That debt is now making it difficult for the maker of light bulbs and jet engines to afford its dividend payout to shareholders.

[snip]

Yet GE's financial problems are huge. Total debt since 2013 has nearly tripled to $77 billion, according to Moody's. That includes GE's large pension shortfall, which is the biggest of the S&P 500 companies.

---

http://www.msn.com/en-us/money/topstocks...1NwV?ocid=ientp

The financial difficulties of GE are not my main focus as bad as they are. When Jack Welch was CEO GE was one of the most successful and most respected companies in the world. But in 2000 the GE board decided to put the company's future into the hands of one Jeffrey Immelt, who, over the next 17 years, ran it into the ground. Immelt, you may recall, was a close friend and advisor to Barack Obama. Birds of a feather.