Op-Ed: The courage to develop clean energy
As world governments wrestle with economic stimulus packages designed to ignite their economies and global leaders gather at the World Economic Forum to discuss the same, Jeff Immelt, Chairman and CEO of GE and Jonathan Lash, President of the World Resources Institute, offer their perspective in today’s Financial Times.
* FT.com: America takes steps towards clean energy (registration may be required)
* America takes steps towards clean energy (PDF)
* Read more about the potential of wind and renewable energy from GE’s Vic Abate. (PDF)
Are you people oblivious to reality and your responsibility not to leave out fiduciary trust to the shareholders. Not one individual, not one analyst, not one member of CNBC, even Fox business is on board with the group that loves to hate GE. oops, every analyst too, I said that, I know I’ve spoken with them.
How can the board, how can Emmelt ignore the cry out of shareholders , how can GE management and the chairman especially Emmelt allow the melt down to record lows dating back to the 1990 unless GE is near bankruptcy; the time, hopefully not to far in the past to defend the value, but the board , the CEO and powers to be better step up to the plate to reconstitute value. According to option traders the bet GE goes under 10 to 5 is wide spread and, the worst case scenario, it’s a major play.
Take the 50 billion in cash, buy back an equal amount of stock (about a third of the company). If GE is viable, the rest will be history. To allow GE to go under 10 is a dooms day catastrophe in the making. An event that will, would and unequivocally either force the break up as the best case, or the final demise of the company, in any event, it will not survive as we know it today.
This is your decision, time is of the essence , if for one second you folks think these events are a joke, the last laugh is on you.
I’m not saying bye, bye to GE at this point , rest assured it’s up to you.
Ps, you could delete this blogg, but you better give this to Emmelt before his chairmanship (GE) is history
Something has to be done about the price of GE Stock dropping each day, even though the DOW is UP.
Someone like the person in Saudia Arabia & Warren Buffett need to be additional buyers of GE Stock as of today to keep the price from going below $10.00 per share. It was down .02 yesterday, even though the DOW was up, and this has happened many times, so something is going on, and it must be with the Short sellers. Once the stock is supported enough to force them out of their short position, then the value of the stock will go higher to a more real valuation. I personally have a lot riding on the Management of GE. as I have this Company stock in both my IRA accounts, am am 82 years old. PLease Mr. Immelt do whatever it takes to get the shareholder value to a more realistic level. RODEN
How manytimes MUST I explain, a mega corporation like GE, for their stock to trade at these levels is counter productive to all concerned, especially to those working at GE and the image left in the minds of future investors.
The price is telling future take over candidates that GE is suspect, the CREDIBILITY of management is questionable so when economies correct where will that leave GE if not in the dugout letting the real players play..
Emmelt can’t be BUSH stubborn to let this debacle continue without a retaliatory follow through.
Take some of that 50 billion and cash flow as the story goes on CNBC this am, announce a buy back of mega proportions. If management can’t defend, who will ????
FURTHER>> lets pretend to be CARNACK (GE management), create an illusion, file a buy back with the SEC, they can’t find 1st base if standing on it anyway. File a billion share buy back, you really don’t have to buy it back, the shorts will replace their drawers every up tick to 20.