Yeah it's definitely part of a pattern of behavior that started with the ouster of Immelt.
Basically the start of their downfall was Trian Partners, an activist investor, bought $2.5 billion of GE stock in 2015 with the express goal of GE taking on a ton of debt to do share buybacks and raise the dividend
Basically the start of their downfall was Trian Partners, an activist investor, bought $2.5 billion of GE stock in 2015 with the express goal of GE taking on a ton of debt to do share buybacks and raise the dividend
https://steveblank.com/2017/11/01/why-ges-jeff-immelt-lost-h...