Rodent Regatta

The Power of Media Ownership

Sue Herera of CNBC and Jeffrey Immelt, CEO of GE, owner of CNBC had a fine chat this afternoon. The chat provided a forum in which GE could refute the points made in yesterday’s New York Times article.
This came on the heels of today’s announcement by GE. The stock closed below $32 a share and has lost around 20% in the past couple of weeks.