My Father gave me some General Electric Stock in order to avoid paying inheritance taxes... and... He selected GE because they pay quarterly dividends and he felt that it was really unlikely that the value of the stock would go down...
Well, GE Built the Reactor that Blew up at Fukushima... and the Stock Price went WAY DOWN... SO, when I sold that stock in order to pay a dentist... It was worth about half of what my dad paid for it.
GE also lost money on the Light Bulb Business. Incandescent Bulbs Fail quite often and Customers have to buy more lightbulbs... They had a Business Plan dependent upon BURNT OUT BULBS... Then there was the invention of Curly fluorescent bulbs that lasted a lot longer... Then there was the Invention of LED Lighting and They lasted even LONGER... Instead of replacing your light bulbs once a year, people were using bulbs that lasted five or ten years... GE COULD HAVE BUILT LONG LASTING BULBS TO BEGIN WITH BUT... THEY WANTED THE PROFIT AND COULDN'T CARE LESS ABOUT THE CUSTOMER... Anyway...
In other News: Westinghouse had to declare Bankruptcy because they built Atomic Power Plants... Some Japanese company bought them at a DEEP DISCOUNT... Both Companies could have built Solar Panels or Wind Turbines but SOMEONE IN MANAGEMENT WAS AN IDIOT...
It was really my own fault because I never Investigated WHAT GE WAS DOING FOR A LIVING... I just ASSUMED that Thomas Edison's Company Knew what they were doing... Well, They Didn't...
Well, GE Built the Reactor that Blew up at Fukushima... and the Stock Price went WAY DOWN... SO, when I sold that stock in order to pay a dentist... It was worth about half of what my dad paid for it.
GE also lost money on the Light Bulb Business. Incandescent Bulbs Fail quite often and Customers have to buy more lightbulbs... They had a Business Plan dependent upon BURNT OUT BULBS... Then there was the invention of Curly fluorescent bulbs that lasted a lot longer... Then there was the Invention of LED Lighting and They lasted even LONGER... Instead of replacing your light bulbs once a year, people were using bulbs that lasted five or ten years... GE COULD HAVE BUILT LONG LASTING BULBS TO BEGIN WITH BUT... THEY WANTED THE PROFIT AND COULDN'T CARE LESS ABOUT THE CUSTOMER... Anyway...
In other News: Westinghouse had to declare Bankruptcy because they built Atomic Power Plants... Some Japanese company bought them at a DEEP DISCOUNT... Both Companies could have built Solar Panels or Wind Turbines but SOMEONE IN MANAGEMENT WAS AN IDIOT...
It was really my own fault because I never Investigated WHAT GE WAS DOING FOR A LIVING... I just ASSUMED that Thomas Edison's Company Knew what they were doing... Well, They Didn't...
~~~~~~ (~);-} ~~~~~~
and Now, on a Different Subject...
a Happier Subject...
~~~~~~ (~);-} ~~~~~~
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