Very naughty boy! Here is proof: https://www.barrons.com/articles/ge-stock-general-electric-analyst-jpmorgan-51628688227
What about the rest of building 273?
People talk about the building 273 bar shop all the time in these posts. What's happening with the other activities in building 273? What's going on with steam turbine manufacturing and repairs? What's going on with generator manufacturing?
Why would Schenectady have a layoff call people back
To Just to lay them off again? I’ve been hearing rumors anywhere’s from 80-150 layoffs/permanent job cuts. Great Speculation that Building 66 is going to be shut down and sent overseas and the rest of the job losses will be out of 273. How much... — read more
GE's Reverse Stock Split = Desperation
GE has long been guilty of creative accounting. Every quarter GE has played with numbers to make GE's stock value look more appealing to investors than it really is. Usually GE chooses layoffs, selling assets, or dumping large business segments. ... — read more
Upstate NY- building 66 and 273
And the dramatic BS continues for one more chapter in the great legacy of GE and the 301. What is the union willing to give up to save the useless T’s. Take our pension? No company match in a 401k? Higher healthcare? What could save the 125 T rate... — read more
Almost Showtime
Could the results of the U.S. Department of Labor’s investigation be coming to light soon? It seems so. I know some are scared, I know others should be scared. 301 and the company are going to feel this one. Hold on tight, the truth will validate... — read more
BAR SHOP IS BUSY
The Bar Shop remains very busy I hear.
Layoffs for 10/1/2021
The CA agreement’s side deal of no layoffs for at least a year has expired. No work on the books very little next year. Anyone laid off will not be called back so you better be prepared or go back to your old job as a secretary making $11 hr now $15... — read more
Why did you join?
Those who joined GE in the past several years, I have to ask you, why? Did you not do your due diligence? If you simply googled GE you would have known how bad this place is. I can't think of a single reason other than that you were desperate for a... — read more
Culpable has another $24 billion to spend from Aercap...
He probably would take 1 billion$ for himself before he retires in 2024. I know he wants to billionaire. Anyone has gone down under his desk yet? (Well u know, to s**k him?) I can't believe how flush is GE with cash now. Do you think GE... — read more
The big cuts are coming
The Power Ceo was supose to come to Schenectady campus. He drove down 890 and saw the campus told his driver “turn around i saw enough”. Got on the phone and said “close it its a waist of cash.”
GE workers strike ballot on the cards over cuts to their retirement incomes
https://www.unitetheunion.org/news-events/news/2021/june/ge-workers-strike-ballot-on-the-cards-over-swingeing-cuts-to-their-retirement-incomes/ Linda McCulloch wrote: “The handling of this situation from the GE management side has been utterly... — read more
All employed persons in city of Schenectady to be laid off this summer
All employed persons in city of Schenectady to be laid off this summer
Breaking down Culp's pay into easily relatable concepts
There is a concept called the DOLLAR VOTE - you buy things that you agree with. Like McDonalds and hate Burger King, then dont shop at Burger King, you spend your hard earned money at McDonalds because you like and agree with their product. Well... — read more
Schenectady Ailing and on Life Support
Almost no work here in Schenectady, so nothing to bi--h about or lie about happening! Power CEO cancelled his visit due to nothing inovative or important to see in SCC Building 66. This is the calm before the storm that’s coming. We are so scared and... — read more
Tim At Onshore
Where is Tim at onshore.
Crickets
Mighty quiet in here today
How you are about to get skrewd, reverse stock split edition
Say you own 800 shares of stock. Current stock price is $13 per share. Total value? $10,400. After stock split, you now own 100 shares of stock. Price after split is 104 per share. Total value? $10,400. NO CHANGE. Great right? Well, not so fast... — read more
Most owners of GE stock are employees and former employees...why?
Look at your 401k plan- I bet most of you hold this cr-p company. Some basic econ101 - in personal finance, when revenue gets cut (like a family loses a job, or some other severe economic distress), whats the first thing they do? Put a halt to... — read more
You reap what you sow.
GE, take note: https://youtu.be/jt6c3HRo8OE
Do you feel boiled yet, little froggy? A history lesson....
Honest question - how much more is the American worker gonna put up with? Its like you are all fire hydrants and all your friends are dogs.... 1 - GE sheds american workers. There are now more foreigners working for GE than there are Americans... — read more
I am going to make a blog post of Top 10 Worst American companies...
And I'm going to include GE on it. The blog post will be distributed to all social media websites. IT will expose GE for what it truly is. It would also expose the "Lean" Culpable. It would make GE look bad. But if you beg me, I may not include... — read more
8 to 1 reserve split coming soon
So they take our shares away from us, for every 8 we have, we get 1. They then get the stock up to $100.00 or $120.00 a share. Are they doing this bec they need more wiggle room to have the stock go back down towards zero?? Right now it’s $12.57 a... — read more
Culps performance since 2018. Does he deserve that pay? Analysis from 2018 to now.
Starting with sept 2018, before he was hired: https://d18rn0p25nwr6d.cloudfront.net/CIK-0000040545/9750d020-9047-42ec-887d-efb3344e5fa3.pdf Comparing latest filing in April... — read more
Culp makes 1357x the median employee pay.
RATIO OF CEO PAY TO MEDIAN EMPLOYEE PAY. Our median employee earned $53,928 in total compensation for 2020. The total 2020 compensation reported for Mr. Culp as reported under “SEC Total” in the Summary Compensation Table on page 39 was $73,192,032... — read more
What ki---d GE? Financialization thru buybacks at expense to growth and long-term care insurance policies
https://www.youtube.com/watch?v=1nqqLGXrhSs&t=195s Who pays? Employees. Who will continue to pay? Employees. Who is rewarded? CEO and board. Just like it ever was....
Hope for the best, prepare for the worst
How prepared are you in case layoffs are announced? Although there have been some rumors about layoffs on this site as well as from some colleagues, I am still safe. However, I always remember one colleague who was convinced that there would be no... — read more
Financial analysis of GE
https://www.chartmill.com/stock/quote/GE/fundamental-analysis GE is where good honest people go to throw away their career.
GE - a proud AMERICAN company (wink wink - labor force is now nearly 70% foreigners)
S. jobs as a percent of GE’s total workforce dropped to just 32.2% in 2020, down from 53.7% in 2000 and 73.4% in 1993. https://www.marketwatch.com/story/ge-has-nearly-halved-its-u-s-workforce-in-3-years-with-more-job-cuts-likely-11613160793 If... — read more
GE is HIRING!
https://www.google.com/search?q=general+electric+jobs+india&oq=general+electric+jobs+india&ie=UTF-8&ibp=htl;jobs&sa=X#htivrt=jobs Requirements: Must be willing to work for 77000rupie ($11,000usd) Must be an indian national or have a valid... — read more
GE Stock needs a catalyst. Add to that list, break-up
The best thing for GE in the long run is to break up the company. Few if any benefits from keeping disparate businesses under one umbrella. Plus, painfully obvious that aside from Welch's financial manipulations, GE really never benefited from having... — read more
Grow by cutting - GEs only strategy
https://www.industryweek.com/leadership/article/22024694/ge-is-said-to-plan-12000-job-cuts-as-new-ceo-revamps-power-unit General Electric Co. is planning to cut 12,000 jobs in its power business, a person familiar with the matter said, as the... — read more
Just a reminder: GE Violations over the past few years
Very telling: https://violationtracker.goodjobsfirst.org/prog.php?parent=general-electric&order=pen_year&sort=desc
7/13 layoff for the local 301
The union officials know and are sworn to secrecy and can not say when it is. I was told 7/13 is when it will happen. The company has the union in their pocket just like at contract time. It is going to be HUGE for the 301. The A’s will bump the B’s... — read more
Good GE news? Oh, well...
Source below... In short: However, with recent news pointing to solid growth opportunities and a massive reduction in debt obligations, they seem to have cleared a pathway for solid growth. I am increasingly bullish on the company's long-term... — read more
Healthcare
Yeah I'm complaining but the massive healthcare deductible sucks. Yeah my wife's surgery is going to cost less than sticker but holy shirt ba--s it's gonna be expensive. The kicker is that it's a super rare condition that has nothing to do with... — read more
Did you save a lot by working from home?
I didn't make a detailed calculation, but I made significant savings by working from home. I knew that WFH would not last forever and there are also benefits of working in an office of course (for example it is easier to have a work- life balance)... — read more