Go to Jeff Salisbury LWGate Home Page.From: phil bolte <pjbolte@yahoo.com>
Subject: Re: [CANSLIM] who is next to go
Date: Fri, 28 Jun 2002 13:43:25 -0700 (PDT)
Previous Article (by Author): Re: [CANSLIM] Too much information in IBD jch
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Zilla, GE's former CEO, Jack Welch, did not "leave". His transition was planned for years, culminating in the "short list" of two possible successors, and finally one was selected after years(!) of careful examination. Even after the new CEO was selected, Welch stayed for 1-2 years full time for the transition. Even now he is consulting for them. Welch has been considered the best CEO of any American company for many, many years, his business models have served as the basis for many Harvard Business School courses, and he has written more than one best seller books. Re: accounting concerns at GE, the main complaint was lack of detail in some disclosures. As soon as this GE heard of this, they quickly worked to provide more detail. I heard last week that GE now produces so much detail in their disclusures that it is something like a 2-foot high stack of paperwork every quarter. My only concern is that the executives become so burdened with all this disclosure that they have no time for running the business. - --- zillagirl <zillagirl@email.msn.com> wrote: > I heard a lady on cnbc about a week ago and she does > research for institutions only- she said she is > telling her clients to get out of dynegy, tyco, and > quest for various underlying problems that could > appear and may cause them to blow up. I also wonder > myself about GE. Its down about 2/3 in a year, The > CEO left recently, and Ive read articles saying that > there accounting is so complicated that even they > dont know what it says. It seems that in this down > market people would be running to a gorilla like > that but they are jumping out??? Do they know > something we done-any thoughts for me to digest. > thanks zillagirl > __________________________________________________ Do You Yahoo!? Yahoo! - Official partner of 2002 FIFA World Cup http://fifaworldcup.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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