General Electric is under investigation by the Securities and Exchange Commission.

Discussion in 'Current Events' started by Boilermaker55, Jan 24, 2018.

  1. Boilermaker55

    Boilermaker55 Well-Known Member

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    http://money.cnn.com/2018/01/24/investing/ge-sec-investigation-insurance-accounting/index.html
    Let's just see how this works out for all the CEO's and how they are treated and how gets chastised.
    GE (GE) said on Wednesday that regulators are investigating a $6.2 billion insurance loss that the company revealed last week. The disclosure is a new and potentially much more serious problem for a company already reeling from missteps and questionable management decisions.
    GE is facing a cash crisis that analysts blame on years of terrible deal-making, murky accounting and needless complexity.

    Most of those decisions were made under former CEO Jeff Immelt, who was replaced last year by GE veteran John Flannery. Immelt certified GE's most recent annual report, which covered 2016. A spokesman for Immelt declined to comment on the SEC investigation.
    Will he get his golden parachute?
     

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