GE, is one of those companies which appears to be hopeless and clueless on how to run it self correctly. This was and is a blue chip company which is in the Democrats/Liberals pockets (see Obama bailout) and run itself like one of the many liberal/Democrat cities in U.S.A. In my opinion, the price action will go to $19.42 soon (1st resistance area). A lot of major issues with GE and how politics has corrupted its mission of so many years ago.
ELECTION 2016
GE'S JEFFREY IMMELT ROPED INTO CLINTON CASH SCANDAL
CEO won't explain timing of donation to company contract
Jeffrey Immelt, CEO of General Electric, outright refused at a recent shareholders’ session to explain the coincidental timing between his philanthropy’s cash donation to the Clinton Foundation and his company’s subsequent receipt of a lucrative State Department contract. Justin Danhof, general counsel for the National Center for Public Policy Research, asked Immelt at the Oklahoma City gathering: “While Secretary of State, Hillary Clinton lobbied foreign governments on behalf of companies including General Electric at a time when those companies were making donations to the Clinton Foundation. In late 2012, for example, Clinton urged the Algerian government to award a power plant contract to GE. GE contributed to the Clinton Foundation. Then in 2013, Algeria awarded the power plant contract to GE. By donating to the Clinton Foundation while receiving a huge favor from the secretary of state … to the risk of being charged with honest services fraud?”The Wall Street Journal listed the GE donations to a health partnership with the Clinton Foundation between $500,000 and $1 million. “Clinton’s subsequent actions helped GE obtain a contact with the Algerian government to supply turbines for six power plants to the tune of $1.9 billion,” he said.
My worse outlook is out of business in two years and GE share prices back to $8.00, like in 2008/2009. Wish you the best in trading and investing.
ELECTION 2016
GE'S JEFFREY IMMELT ROPED INTO CLINTON CASH SCANDAL
CEO won't explain timing of donation to company contract
Jeffrey Immelt, CEO of General Electric, outright refused at a recent shareholders’ session to explain the coincidental timing between his philanthropy’s cash donation to the Clinton Foundation and his company’s subsequent receipt of a lucrative State Department contract. Justin Danhof, general counsel for the National Center for Public Policy Research, asked Immelt at the Oklahoma City gathering: “While Secretary of State, Hillary Clinton lobbied foreign governments on behalf of companies including General Electric at a time when those companies were making donations to the Clinton Foundation. In late 2012, for example, Clinton urged the Algerian government to award a power plant contract to GE. GE contributed to the Clinton Foundation. Then in 2013, Algeria awarded the power plant contract to GE. By donating to the Clinton Foundation while receiving a huge favor from the secretary of state … to the risk of being charged with honest services fraud?”The Wall Street Journal listed the GE donations to a health partnership with the Clinton Foundation between $500,000 and $1 million. “Clinton’s subsequent actions helped GE obtain a contact with the Algerian government to supply turbines for six power plants to the tune of $1.9 billion,” he said.
My worse outlook is out of business in two years and GE share prices back to $8.00, like in 2008/2009. Wish you the best in trading and investing.