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Re: daiello post# 38042

Wednesday, 10/29/2008 5:46:41 PM

Wednesday, October 29, 2008 5:46:41 PM

Post# of 72997
Here's what I was reading....

General Electric Co. (GE) Chief Executive Jeffrey Immelt, speaking hypothetically, said Wednesday that in a scenario where the company's revenues decline 10% to 15%, he would instruct his managers to take steps to maintain profits.

It was incorrectly reported that Immelt was making a profit forecast that the company would aim for the same profit in 2009 as 2008, even if revenues fall 10% to 15%

The difference between genius and stupidity is genius has its limitations, stupidity doesn't.

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