Its been alleged that MSNBC is the loss leader for General Electric. GE places their television and cable networks at the end of their aisles in order to attract big $$$$ from Democrats in DC. Why else would Geoffrey Immelt continue to provide the microphones and forums for programming which no one watches?
Immelt is a disaster and has been for GE stockholders. He is a human wealth evaporation pond and MSNBC is the desiccated scum ring which is Geoffrey's legacy.
Today's generation of Entertainment network executives must dream of the good 'ol days of the Big Three. CBS, NBC and ABC. The glory years when each one had tens of millions of households watching around the clock.
Nowadays we have hundreds of channels to choose from and the numbers of viewers of prime time cable news channels range from about 3.5 million (Fox) down to 350K (MSNBC).
Competition has been good for the viewers but hell on the TV news business. Gone are the days of news anchors like Uncle Walter (Cronkite) shaping the opinion of the nation. That is a good thing.
I remember when GE was a world class powerhouse. A giant. A Titan of world business; manufacturing everything from light bulbs to jet engines and submarines.
Look at this. Good old Jeff sits on The Robin Hood Foundation. He certainly has been Robin Hood with GE stockholders:
Immelt was born in Cincinnati, Ohio, and attended Finneytown High School. He holds an A.B. in Applied Mathematics from Dartmouth College where he currently serves on the board of trustees and was president of his fraternity, Phi Delta Alpha, and an M.B.A. from Harvard Business School.
He has been with GE since 1982 and is on the board of two non-profit organizations, one of which is the Robin Hood Foundation, a charitable organization which attempts to alleviate problems caused by poverty in New York City.
His tenure as Chairman and CEO started off on a low note - he took over the role on September 7, 2001 - just four days before the terrorist attacks on the United States, which killed two employees and cost GE's insurance business $600 million, as well as having a direct effect on the company's Aircraft Engines sector.
Immelt was named to Time magazine's 100 most influential people in the world in 2008. He was also named one of the five worst Non-Financial-Crisis-Related CEOs of 2008 by the Free Enterprise Action Fund.
Since taking over, GE's stock has dropped nearly 60%.
Its been alleged that MSNBC is the loss leader for General Electric. GE places their television and cable networks at the end of their aisles in order to attract big $$$$ from Democrats in DC. Why else would Geoffrey Immelt continue to provide the microphones and forums for programming which no one watches?
ReplyDeleteImmelt is a disaster and has been for GE stockholders. He is a human wealth evaporation pond and MSNBC is the desiccated scum ring which is Geoffrey's legacy.
ReplyDeleteToday's generation of Entertainment network executives must dream of the good 'ol days of the Big Three. CBS, NBC and ABC. The glory years when each one had tens of millions of households watching around the clock.
ReplyDeleteNowadays we have hundreds of channels to choose from and the numbers of viewers of prime time cable news channels range from about 3.5 million (Fox) down to 350K (MSNBC).
Competition has been good for the viewers but hell on the TV news business. Gone are the days of news anchors like Uncle Walter (Cronkite) shaping the opinion of the nation. That is a good thing.
How do you really feel about him, Deuce?
ReplyDeleteI remember when GE was a world class powerhouse. A giant. A Titan of world business; manufacturing everything from light bulbs to jet engines and submarines.
I was kind, pal. That is nothing compared to when I get angry.
ReplyDeleteBy the way, we miss you above the fold.
Look at GE's five year chart. The company should be broken up.
ReplyDeleteLook at this. Good old Jeff sits on The Robin Hood Foundation. He certainly has been Robin Hood with GE stockholders:
ReplyDeleteImmelt was born in Cincinnati, Ohio, and attended Finneytown High School. He holds an A.B. in Applied Mathematics from Dartmouth College where he currently serves on the board of trustees and was president of his fraternity, Phi Delta Alpha, and an M.B.A. from Harvard Business School.
He has been with GE since 1982 and is on the board of two non-profit organizations, one of which is the Robin Hood Foundation, a charitable organization which attempts to alleviate problems caused by poverty in New York City.
His tenure as Chairman and CEO started off on a low note - he took over the role on September 7, 2001 - just four days before the terrorist attacks on the United States, which killed two employees and cost GE's insurance business $600 million, as well as having a direct effect on the company's Aircraft Engines sector.
Immelt was named to Time magazine's 100 most influential people in the world in 2008. He was also named one of the five worst Non-Financial-Crisis-Related CEOs of 2008 by the Free Enterprise Action Fund.
Since taking over, GE's stock has dropped nearly 60%.
I think I'll buy some long calls based on the theory that the GE board will come out of their coma and fire the asshole.
ReplyDeleteWhy does O'Donell have guests?
ReplyDeleteHe he asks and answers everything...
what a jackass...
good point!
ReplyDelete