Even with multiple bailouts our nation has yet to enact new lending rules to stabilize the financial markets. Homeowners can still refi themselves into negative equity, play Russian Roulette with ARMs, invest in "securities" made of bundled debt and disguised as a bargain, etc... Until America corrects our errant ways the situation continues to exist and market volatility will prevail. Is this concept that difficult to understand???
Ray Fisher
of NM
@
Oct 31, 2008 08:34:17 AM
CEO's are under a microscope
Immelt, GE CEO, forgot that he was under a microscope and everyone is looking for an answer to the total mismanagement of our economy, our major corporations and our government.
Immelt appears to be on an MBA speaking tour, which has been part of the GE public relations strategy...but what he forgot is he is now under the microscope and every word he says is being used to predict the future.
Jeff needs to get off the world stage and focus entirely on his own company, its strategies and the expectations he is creating.
As the author and student of GE's 127 years of remarkable growth, Jeff is dealing with a new situation. Even the legendary, and never dying JACK WELCH never had to deal with this situation. Most successful CEOs just go to the back of stage and let outs convey the CORPORATE party line.
IF YOU WISH TO LEARN ABOUT GE's SUCCESS, READ MY BOOK THE SECRET TO GE's SUCCESS, which is the only OBJECTIVE, COMPRENSIVE AND INSIGTFUL ASSESSMENT OF GE and what we can learn from BOTH its SUCCESSES and FAILURES...
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Ray Fisher of NM @ Oct 31, 2008 08:34:17 AM
Bill Rothschild of CT @ Oct 30, 2008 18:49:19 PM
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