3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP527: The Epic Collapse of GE w/ William Cohan

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Jack's Mantra of Manipulating Earnings

"The elephant in the room though around jack is this concept of managing earnings which to me i read as sort of manipulating earnings and under his leadership at ge gee was consistently growing 15 percent or so year over year over year," she says. "Even in jack's own book straight from the gut particularly around the first kitter you know miss which going to cause gee to miss some earnings that jack had told analysts he was going to make it writes in the book." She continues: "He then asked his senior leaders see if they could you know find some earnings somewhere quickly which people have looked and they did".

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