On the GE Proposed Sale of GE Appliances

6.
May 14th,20087:06 pm
Warren Buffett would call this “gin rummy” style management–you just throw out your businesses that aren’t performing well at the time (opposite of Berkshire culture). Who knows, maybe Immelt needs to raise cash because of something we don’t know about, in order to retain GE’s AAA rating. I think Buffett makes nice to Immelt because he knows Immelt periodically gets urges to sell very good, stable businesses (e.g. medical protective)
— Posted by david brokl