Everyone is getting rich talking about the down fall of GE.
https://fortune.com/longform/general-electric-ge-lights-out-book-thomas-gryta-ted-mann/
4 replies (most recent on top)
Time for GE leadership and it lobbyists to start kissing some orange hindparts, to order the SEC's leadership to go easy?
to the SOX question, yes indeed and leadership knows it and my guess is the SEC has already conducted an investigation and is in cahoots as well. one more f'up and GE is history, probably for the best.
Is SOX still a thing in the U.S.? If true, would some of the allegations about artificially pumping up numbers for near-term results/bonuses/stock price reasons trigger executive pay clawback or even jail time?
The contents of the book will probably be denied by current and former GE leaders. Those in the know clearly understand that it has been a combination of greed, deceit, lack of integrity and believing that GE was too big to fail, ironically they reaped their only profitable acquisition as a result of Enron failing and never understood that history is doomed to be repeated by those who do not learn from it.