, Columnist
The GE Blame Game
Management, the board, even an activist -- there are plenty of places to point.
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As the reality of General Electric Co.'s plight sets in, the blame game is starting. And there's plenty to go around.
This time last year, GE was a $260 billion industrial titan emerging from a major streamlining effort with high hopes of becoming a top 10 software maker. Now, it's a $175 billion cautionary tale of bad management grappling with a draconian drop in earnings expectations. And that's just what we know at this point.