Acquire and fire. Slashing 3000 bodies at GE capital, It will save $300 mil.
GE is very active in the M&A dept. now. How else can you grow a base business that's several hundred billion? The pension surplus and reserves are running low. Need some new juice to keep it going. Watch the Drug cos. big M&A in that area soon.
It's is getting tougher on growing top line due to the size of some of these companies. A $40 bill company needs to get $4bil in NEW sales to grow 10%. Big number indeed.