3 ms·
I thought GE Finance was a big part of GE?
by patrickgzill 16y ago
I thought GE Finance was a big part of GE?
- deleted 16y ago[deleted]
- quanticle 16y agoThey're trying to make it a smaller part after having such a large part of their profits come from finance burned them during the last crash.
- hga 16y agoTo quote Wikipedia (http://en.wikipedia.org/wiki/General_Electric#Businesses http://en.wikipedia.org/wiki/General_Electric#Businesses): "Since over half of GE's revenue is derived from financial services, it is arguably a financial company with a manufacturing arm." Even if they are backing out of that, it'll take a long time. And I have to wonder if they're willing to downsize the company by one half....