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General Electric Company Message Board

  • euthompson euthompson May 20, 2011 12:16 PM Flag

    GE down to $19.70 Time to Give Immelt a Bonus

    After announcing that GE will buy back $12 billion in shares, and the promise from Immelt that GE will once again restore dividends [which were taken away by Jeffrey after 2008], the market has responded with a resounding endorsement of his leadership --- sending GE stock down to $19.70. Over the past 10 years, under the skillful leadership and direction of Immelt and his loyal board of directors, the stock has plummeted from $45 down to its current price of $19.70. Given this spectacular reduction in value, Immelt and the current BOD continues to be retained --- Why? These decisions are being made when GE's competitors have been able to increase shareholder value, dividends and market share in areas once dominated by GE. Isn't it time to consider a change at the top?

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