Yard Sale

Fisher, Daniel
December 2009
Forbes Asia;12/14/2009, Vol. 5 Issue 19, p28
The article implies that General Electric Co. (GE) is on a mission to raise cash now, instead of focusing on growth. It is stated that where the firm's chief executive officer (CEO) Jeffrey Immelt once boasted about growth, he is now busily selling off divisions to raise cash and reduce debt. Nicholas Heymann, a longtime GE analyst now with Sterne, Agee & Leach, says there is a housecleaning exercise going on.


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