GE has been 'brushing things under the rug' for decades: Deutsche Bank [CNBC]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: CNBC
show chapters General Electric has been brushing things under the rug and leveraging aggressive accounting for several decades, Deutsche Bank analyst John Inch told CNBC on Thursday. One could infer the prior management basically did this to drive the … adjusted EPS [earnings per share] up as much as possible to pay themselves as much as possible, he said in an interview with Power Lunch . The Wall Street Journal reported Wednesday that former GE boss Jeff Immelt was consistently overoptimistic, projecting results for the company's future mismatched with reality . A spokesperson for Immelt disagreed with the basis for the Journal report, telling CNBC that the story ignores the facts and events of the past 16 years. Sebastien Bozon | AFP | Getty Images An employee of General Electric works on a gas turbine at the GE plant in Belfort, France. Inch said there are a lot of parties that are culpable here.
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- 4/23/24 - Beat
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- 4/15/24 - Form 3
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