4 ms·
Yeah it's definitely part of a pattern of behavior that started with the ouster of Immelt. Basically the start of their downfall was Trian Partners, an activis
by terracatta 6y ago
Yeah it's definitely part of a pattern of behavior that started with the ouster of Immelt.
Basically the start of their downfall was Trian Partners, an activist investor, bought $2.5 billion of GE stock in 2015 with the express goal of GE taking on a ton of debt to do share buybacks and raise the dividend
https://steveblank.com/2017/11/01/why-ges-jeff-immelt-lost-his-job-disruption-and-activist-investors/ https://steveblank.com/2017/11/01/why-ges-jeff-immelt-lost-h...
- petra 6y agoWasn't it GE's CEO who pushed the idea that the company's goal is to optimize share value ? Karma's a bitch.
- beervirus 6y ago“Stakeholder capitalism” notwithstanding, that’s kind of the goal of every company.
- samdamsamm 6y agoStakeholder capitalism is an oxymoron. You either hold capital or you bear the stakes. That’s the point.
- Simulacra 6y agoPrecisely
- windexh8er 6y agoThanks to Milton Friedman's doctrine [0]. Unfortunate that is viewed as the default goal. [0] https://en.m.wikipedia.org/wiki/Friedman_doctrine https://en.m.wikipedia.org/wiki/Friedman_doctrine