Tautology of the Skeptical Sinner

Reuters are reporting the New York Post has sources that state Jeffrey Immelt, CEO and Chairman of the Board of Multinational super conglomerate conglamarate conglamorous Corporation General Electric (NYSE:GE) has 6 months to shape up or ship out.

Jeff’s come under a lot of heat for two major reasons. One: GE’s stock has been flat since Immelt took over from infamous CEO Jack “Neutron Jack” Welch and Two: Slipping up on an earnings estimate that was “in the bag”.

How does Jeff attempt to redeem himself? 1st: Spin off or Sell the GE Appliance Unit, a division that has consistently provided profit for the corporate coffers and also provides the most visible exposure of the GE Meatball Logo. (Which I pointed out in an earlier post, is the perfect size to advertise on the moon) and 2nd: Buy the Weather Channel, obviously a sound business move, because, let’s face it, there will always be weather.

Life can be rough on a CEO, and despite him earning $14m last year, I do sympathize with the guy - after all, he bought a big chunk of GE stock himself. Right before it had its biggest one day slump in 20 years (the 1987 crash being the previous)

Sometimes you just can’t please Wall Street.

What wacky, job-saving idea will Jeff come up with next? General Motors is priced to sell, why not buy them? Make electric cars. General Electric Motors - has a nice ring. Either that or rename the brand from General Electric to Specific Electric - that way it won’t readily identify as a cross industry super corporation.

Needless to say, the next six months are going to be tough on Jeff.