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Has General Electric Conquered - College Essay

Has General Electric Conquered

the business cycle? According to the companies past three financial statements it appeared as if they have indeed done so. Looking at GE's 1996 Annual Report, Letter To Share Holders, the first phrase of the 14 page document was "In 1996, your Company had its best year ever." Companies such as GE spend millions if not billions of dollars per year to ensure they can include this nine-worded phrase in their Annual Report. Those few words affect the behavior of investors all over the world.
To understand why a corporation would "manage earnings" one must first understand the reason a corporation exists. The Corporation is an abstract entity which sole concern is to please its ...

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Electric would want to ensure that its figurers are in line with expectations because its financial future relies on it.
A CEO, in the case of GE, John F. Welch Jr. is faced with risk daily. It is his initial decision to change the direction of the Corporation whether for better or worst. The daily stock price and its fluctuations may reflect the amount of risk seen by investors however no matter how poorly a decision may be implemented the Corporation will always stand. A Corporation can never die, it can be merged, bought out or taken in to bankruptcy but it is not human, it cannot be placed in jail and withdrawn from society however its members can; such as GE's Vice Chairman, Paolo Fresco. Gains and losses will always be part of the business cycle although it is how well a corporation handles each of the situations that it will be profitable and admired by investors.
Business ethics, two words which by nature would be considered taboo. These two words have created ...

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PAPER DETAILS

Added: 3/20/2006 10:33:00 PM
Category: Miscellaneous
Type: Free Paper
Words: 555
Pages: 3

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