I am no fan of the GE Capital. However, selling assets and cutting labor sort of miss es the whole problem at GE. The leadership at the top doesn't know what it really takes to create and maintain a competitive culture in manufacturing. All they seem to understand is how to cut costs. Of course responsible spending is part of success but employees don't take it seriously when exec's are grossly overpaid and our hard earned development and enginuity is outsourced to unsecure countries at the first possible moment. There seems to be some shortage of long term vision for GE. It's all about the fast money here. No easy fix.
Originally posted by @WekjRPQ-zhs.