PREVIEW

... too many industries.

It sounds scary, with three or four billion dollars in cash, but more of it is based on GE's reputation and equity as collateral, and issued a large amount of new shares and bonds, and then borrowed a sum from the bank to let GE. Electric raised $35 billion in cash!

Whether it is banks, Wall Street institutions, overseas consortia, or leeks, they have never worried about the problem that GE will not be in the accounts. It is really that Welch has taken GE to be ...

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