Mark McHugh

GE will change ticker to HFS

In stocks finance on Wednesday, February 4, 2009 at 2:26 pm

That would be the headline if I were king, anyway.  Inspired by the cranial diarrhea spewed  this week on CNBC (see Erin Burnett – Shithead of the week), I started wondering how poorly run a company must be to employ the likes of Dennis Kneale and Erin.  Well, I’m finding out.  Upon further investigation, I’ve realized that a more appropriate name for the organization would be Holy Fucking Shit!

Fun fact: General Electric Co. has $523.8 Billion in debt and only $12.3B in cash.  That works out to $1.6 million in debt per employee!

How can a company with 1.6 million dollars in debt per employee be anti-protectionist?

Super-Duper fucked-up fact: GE chairman and CEO Jeffrey Immelt is a Class B Director of the New York Federal Reserve.  Class B Directors are elected by member banks to represent the public (you can’t make this stuff up).

Oh yeah, Once again the common stock hit fresh 13 year lows.

  1. […] a look at the key statistics at Yahoo finance, which prompted me to write the ground-breaking post GE will change ticker to HFS (which still hasn’t been nominated for any awards).  The information I posted came straight […]

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