Readers React To 'General Electric Retirees Take Another Beating' [Forbes]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Forbes
A lot has changed for GE retirees. The stock has dropped 75% in the last 2 years, the quarterly dividend was cut from 24 cents in 2017 to a token 1 cent, and the pension fund is underfunded by $31 billion . (AP Photo/John Minchillo, File) Many General Electric (GE) retirees depend on the company for their pension and the stock for their portfolio. This works great when the company is healthy and the stock performs, but the flip side is not pretty. Judging from the response to General Electric Retirees Take Another Beating , many have an oversized holding in GE stock, which is down 75% in the last two years, but won't sell any out of loyalty to the company. If you are in this camp, your best chances of a good outcome requires making some decisions. Loyalty GE retirees have long been envied by others of their generation for 3 reasons. First, your life's work made GE an iconic American success story. Who wouldn't be proud of that? Second, many GE em
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