Quote:
Originally Posted by xoxoxoBruce
He's right, look at all the successful businesses running a trillion dollar deficit.
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What has been keeping GE alive for many decades? A massive deficit (directly traceable to management that used cost controls to stifle innovation) has been masked by selling off division after division. As if selling assets is acceptable profit (only business school graduates promote that lie).
Previously posted were other GE assets sold to mask massive losses. Add to that list latest sales of their biopharmaceutical division to Danaher Corp and their aircraft leasing division to Apollo (an investment retirement fund). Then a massive deficit, that has existed for decades, again is not obvious to stock brokers and other bean counters. America is selling off to mask losses created by business school (bean counter) graduates who routinely stifle innovation. Innovation being the only source of actual profits, growth, and jobs.
Examples of people, with a plumber's education, getting rich by selling off America. And so the expression "going down the drain".
Companies running massive deficits to mask unproductive management include Boeing and Lockheed-Martin. First indication starts with underfunded pension funds. Which has been using a 'tax cut inspired bubble' on the stock market to mask increasing financial losses.
Sears used sale of Kmart to play fast and loose with money games. Now on the list is Xerox trying to do same with HP. How curious. Those are the same games that Trump used. Including four Atlantic City casinos that never once earned a profit. But Trump is an honest man. So that must not be a concern.