The Incredibly Shrinking General Electric — Market Mad House
I advise those who fear today’s giant tech companies to examine the current sorry state of 20th Century tech giant General Electric (NYSE: GE).
GE was one of the most feared companies of the 20th Century. In fact, science fiction great Kurt Vonnegut was so scared of General Electric he wrote at least two novels about the company. To clarify, Vonnegut’s experiences as a PR man for GE in the 1940s and 1950s helped inspire Player Piano and Cat’s Cradle, Wired observes.