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A comment on Jack Welch Inflicted Great Damage on Corporate America. Parent comment

Re:Jack Welch Inflicted Great Damage on Corporate America by three_seagrass on Tuesday March 03, 2020 @01:29PM (#22477315)
When a stock splits, the market cap still stays relatively the same.

Market cap for GE is still lower today (93 B) than it was in 1997 (208 B). Unless there were major spin offs, that means the company is worth less.

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Re:Jack Welch Inflicted Great Damage on Corporate America by nimaco on Tuesday March 03, 2020 @01:55PM (#22477588)
GE has been selling off assets as part of a turnaround strategy in the past ~2yrs or so

https://www.wsj.com/articles/ge-chief-says-assets-sales-will...

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Re:Jack Welch Inflicted Great Damage on Corporate America by three_seagrass on Tuesday March 03, 2020 @02:19PM (#22477801)
That shouldn't affect market cap since they're capturing the cash equivalent in value through the sale. It's trading physical assets (probably with poor returns) for cash assets.

Spinning off less-profitable divisions would affect market cap.

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