>>WIKI NEWS. THE MOST AMOUNT OF MOMENT YET TO TURNAROUND THE COMPANY’S FORTUNES TGE PLANNING TO SPIN OFF ITS HEALTH CARE BUSINESS AND EXIT ITS INVESTMENT IN BAKER HUGHES. INSTEAD OF FOCUSING ON POWER IN AVIATION. THE COMPANY EXPECTED TO CUT AGAIN ONCE GE HEALTH CARE IS ESTABLISHED FOR THE BOARD OF DIRECTORS HAVE APPROVED THE WILL OFFICIALLY REPLACE GENERAL PRINCIPAL MICHAEL LEE. GOOD TO SEE YOU. THANKS FOR JOINING US.>>ABSOLUTELY. THE CONSUMER FACING BUSINESSES HAVE COMPLETELY WORN DOWN GE CAPITAL. STILL SOME ASSETS LEFT. AS WE DISCUSSED DURING THE BREAK SUCCESS CAME FROM THE BALANCE SHEET AND ITS RELATION AFFORDED TO THEM BY HAVING THIS ENORMOUS FINANCIAL COMPANY THAT WASN’T REGULATED LIKE ALL THE OTHER BANKS. MARIA: HAVE YOU CHEAP MANIPULATION?>>BAD TRADE ON THE AAA RATING. THEY COULD BORROW CHEAPER THAN THE PRICES CAME THEY COULD DO SHORT-TERM BORROWING ANYMORE. BUT THE AMAZING THING ABOUT GE WAS ONCE HELD UP AS A PARAGON OF MANAGEMENT. IF YOU HAD GE IN YOUR RESUME AS WHAT HAPPENED TO THE QUALITY OF THE MANAGEMENT?>>WHEN YOU’RE CASTRO DISAPPEARS TO GO TO CREATE SOMETHING FROM SCRATCH OR FIGURE OUT WHERE WE’RE GOING TO GO FORWARD. IT COULD BE DIFFICULT. THE STRATEGY SEEMED TO BE LOBBYING THE GOVERNMENT. DIDN’T WORK. THAT CAN BE YOUR ENTIRE SMALL COMPANIES. WHAT HAPPENED TO THAT? EVEN BEFORE THEY WERE BIG IN FINANCE, THEY WERE KNOWN AS INDUSTRIAL COMPANY. WHAT HAPPENED?>>A LOT OF THINGS CAN BE COVERED UP WHEN YOU HAVE THE CASH MACHINE GE CAPITAL. NOW THAT IS GOING AWAY AND YOU WONDER WHY THEY RAISED EVERY SINGLE CORNER WITH SUCH PRECISION FOR ALL THOSE YEARS. A LOT OF THAT MANAGEMENT WAS THE GT PROGRAM WAS A FINANCIAL GENIUS AS JEFF BRAD SPREAD ABOUT YOU CAN’T JUST MANAGE NUMBERS. YOU’VE GOT A RUN BUSINESSES AND SEE WHAT’S GOING TO HAPPEN. MARIA: GE HEALTH CARE WILL BUSINESS. LET’S FACE IT THIS COMPANY HAS AND ALSO THAT THEY SOLD WELL AND BOUGHT HIGH. DAGEN: HERE’S THE HEADLINE FROM “FORBES” GOING BACK TO 23rd TEAM. BECAUSE OF ALL THE PROBLEMS AFTER THE FINANCIAL CRISIS BECAUSE THEY WERE SELLING AGAIN ABOUT THE TIMING AND CAN YOU IMAGINE WHAT THAT WOULD BE WORTH TODAY? MARIA: AT THE TIME, CERTAINLY THE PEOPLE AT NBC AND CNBC FELT THAT THERE WAS DEALING IT. THIS WAS SUCH A HOT PROPERTY.>>GENERAL ELECTRIC AND BERKSHIRE HATHAWAY HAS NUMEROUS COMPANY IS WELL-MANAGED. WHY COULDN’T THEY HAVE DONE THE SAME THING?>>DO THEY HAVE THE CONFIDENCE TO MANAGE THESE?>>A LITTLE DIFFERENT IN COMPARISON BECAUSE BERKSHIRE HATHAWAY HAS NO ONE TO ANSWER TO. SELLING OFF ASSETS YOU.SO WHAT YOU WANT. YOU SELL WHICH YOU CAN AND WHAT TO GET THE MOST AMOUNT OF MONEY FROM AND REINVEST AND TRY AND FIX THINGS HERE AND IT JUST HASN’T GONE THAT WELL. JACK WAS PROBABLY GOT A LITTLE NOT LIKE HE WAS THERE FOR THREE YEARS. WHAT ABOUT ALTERNATIVE ENERGY? MARIA: AT THE TOP. DAGEN: HERE’S THE HEADLINE. CHECK THEM OUT IS NOT WARREN BUFFETT EVEN WITH THE COPIOUS AMOUNTS OF ALCOHOL KNOW WHATEVER THINGS OUT.>>I WOULD HAVE TO AGREE WITH YOU THERE. MARIA: WE WILL BE WATCHING. WOULD YOU BY GE FOR LESS TODAY?>>I GOT A THINK SOMETHING WILL WORK OUT. MARIA: $13 ATTRACT A PRICE? THOSE ARE TRADING ON OUTRAGEOUS BECOME THE DEAL. MAYBE 10 BUCKS, 11 BUCKS.