To: Oak Tree who wrote (7992 ) 11/29/2000 10:32:51 AM From: GUSTAVE JAEGER Read Replies (1) | Respond to of 10042 Re: GE, Welch vs Gore: The only difference is that for GE the $100 doesn't mean anything, the $12Billion does. In this case the 10Mill votes don't mean anything the 100 votes do. The stakes are huge -- the most important job in the world -- unlike the impact of $100. Actually, my point was about the integrity of any large-scale human thrust. We just cannot expect a worldwide organization like GE to show a squeaky-clean balance sheet --just as we shouldn't expect the outcome of a nationwide US presidential poll to turn out to be "frictionless"... You can't help ending up with noise superimposed on your original signal. Now, bearing that in mind, who would dare claim that GE is not a world-class, showcase enterprise because it certainly conceals several "accounting skeletons" in its "financial closet"? The fact that the balance sheets and the annual reports have to be doctored by audit firms before public release is just business as usual! Furthermore, your downplaying the $100 glitch in GE's total $12 billion doesn't get to the point either.... Obviously, I fully agree with you that, from an outsider'standpoint , the $100 glitch is irrelevant, because, insofar as you don't get your pay check from GE, who cares? Yet, for GE's employees, it really matters if some GE exec wanted to sweep his way to the top at all cost and went on blowing the gaff on GE's confidential $-data! A GE exec who would not flinch from tipping the media about GE's financial shenanigans (ie bribes, tax havens, etc) would recklessly jeopardize the jobs of thousands of GE employees and the savings of millions of GE stockholders.... and for the sake of his own career?? I guess that such a pushy exec would just get the sack, would he not? Gus.