Displaying all articles tagged:

General Electric

  1. select all
    Facebook Has Everything GE Once Had, Except JobsWhile GE has lost the equivalent of Facebook’s market valuation since 2018, it also employs ten times as many people as Facebook.
  2. video
    Jon Stewart on NBC News’ Big G.E. ProblemNBC’s parent company sure is involved in a lot of controversial news.
  3. my what big loopholes you have
    G.E.’s Tax Bill for 2010 Was Negative $3.2 BillionFormer officials from the Treasury, IRS, and congressional tax-writing committees help show them how.
  4. white house the new class
    GE’s CEO Now Dominates Energy, Television, and Obama’s Economic Advisory BoardObama replaces Volcker with GE’s Jeffrey Immelt.
  5. white men with money
    Jeff Immelt Waives BonusIt’s a nice gesture, but so 2008.
  6. company town
    Crane Collapse Causes Building DelaysAlso, the real Mr. Big thought watching the ‘Sex and the City’ movie was “eerie,” and Wachovia chief G. Kennedy Thompson is out the door. And more, in our daily industry roundup.
  7. company town
    JPMorgan’s Up, GE’s Down, and Google’s Still Up in the AirPlus law, real estate, and media news in our daily roundup.
  8. company town
    New York Public Library Lions to Become Schwarzman’s KittensFINANCE • As Blackstone’s profit sinks 89 percent, Stephen Schwartzman gets the New York Public Library on Fifth Avenue and 42nd Street named after him. The naming rights came with a very generous $100 million donation, but we’re not sure we’re ready to go have lunch on the lovely steps of “Schwarzman.” It’ll feel like we’re an undergrad at Penn or something. [NYT] • Wall Street says “There is a God” as its longtime persecutor, Eliot Spitzer, falls from grace. [NYT] • Lehman Brothers, the largest underwriter of U.S. mortgage bonds, plans to lay off 5 percent of its workforce, which is about 1,400 people. Meanwhile, Bear Sterns, the second-biggest underwriter of mortgage bonds, lost more than $1.3 billion in market value yesterday as investors worried about the firm’s liquidity. [NYP, NYP]
  9. company town
    Al Gore: Cashing In on His Big YearFINANCE • Al Gore, venture capitalist? The Nobel laureate and Apple board member is taking a hands-on role at Kleiner Perkins, the leading Silicon Valley venture firm. His goal: Save the world. And annoy GE’s Jeff Immelt as much as possible. [Fortune] • Harvard picked Robert S. Kaplan, a former Goldman Sachs vice-chairman, as the new steward for the $35 billion endowment. Something tells us his kids won’t have any trouble getting in. [Reuters via NYT] • A few management consultants with nothing better to do gave the Times its newest buzzword: CEO version 3.0. With the departures of Stan O’Neal, Chuck Prince, and Richard Parsons, it’s now time for leaders “who can assemble a team that functions as smoothly as a jazz sextet.” Because, as James Cayne showed, the old CEOs were way too bebop. [NYT]