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263 points mooreds | 1 comments | | HN request time: 0.204s | source
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vasco ◴[] No.45421683[source]
Ok, which companies has it killed? At least one example?
replies(1): >>45421701 #
jeron ◴[] No.45421701[source]
many companies are walking corpses - see GE
replies(3): >>45421728 #>>45421857 #>>45430606 #
1. missedthecue ◴[] No.45430606[source]
GE today is not the GE it was 5 years ago. They have really paired down the company. They spun off finance, sold healthcare, and got out of energy & power. GE today is essentially just an engineering company in the aerospace sector, and they've paid down $100B of debt since 2018.

Today they're sitting on $10B in cash and do another $10B in free cashflow annually. Not very corpse-like!