GE to shed most of GE Capital

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In a move that shook the market, GE announced it is getting out of the financial business. It’s myopic ex ceo Jack Welch had bulked up this business. The current ceo Jeff I’m melt has been slowly exiting this sector since late 2008 ( 1.5 yrs too late).

The payoff to shareholders - circa 90 bil89n dollars. The catch? 50 billion in buybacks. The stock was up 11 pct Friday on this news. The remaining to come thru dividend.

36 billion big ones being repatria5ed. Uncle Sam will take his share of 6 billion. GE no longer will be able to get away with 10 pct tax rates

Question - wouod u rather GE pay back shareholders via dividends?

Discuss.

Thank you?

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Re: GE to shed most of GE Capital

what is there to discuss, radha is already on the dance floor.

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Re: GE to shed most of GE Capital

Who is Radha in this Context? What Dance floor - there is a dance floor reference in quarterly earnings Thread in business forum. Do join us there.

Thank You?