A Deep Freeze for GE Pensions

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the WSJ, General Electric Co. said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. companies phasing out a guaranteed retirement. Questions: Who is the CEO? The video said the CEO has been aggressive. What has he… Read more »

The Fate of GE Dividends

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

General Electric’s 119-year-old dividend is a source of pride inside this once-dependable company. Questions: 1. Why is a dividend cut expected? 2. What is the estimate of how much might be cut? 3. Even with the cut, the dividend is expected to do what to GE’s financials? Source: Egan, M. (2018). GE’s 119-year-old dividend is… Read more »