General Electric GE Capital to reduce the firm's CEO said that the company analyzes divest parts of its finance arm, and admits that the company reached its goal of no safe and reliable growth in 2009.
General Electric plans to cut costs globally, according factors of 24 to the newspaper The Wall Street Journ
The chief executive of General Electric Co., Jeffrey Immelt, recognized on Tuesday that the reputation of the group had been "tarnished" and said the U.S. giant is ready to identify the parts of your strong financial arm to leave in the coming years.
"The reputation of our company was tarnished because we were growing the company 'safe and reliable' to which we aspire. This responsibility for this," Immelt wrote, 53 years, inits annual letter to shareholders.
"We will review closely estratgicos assets that are not in that business, such as equipment services business, most of our portfolios of mortgages and about a dozen commercial platforms and sub pequeas consumption or -scale will reduce over the next few years, "explained Immelt, who resigned to receive a bonus in 2008.
The executive affirmed that the entire financial services industry need to be rethought to the global recession that began with the bursting of the housing bubble in the United States, which had been created by the repackaging of mortgages and other risky debt ANMS complex financial instruments.
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