Not just - Welch pioneered using GE Capital to “smooth” earnings - lots of judgm... | Hacker News

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vessenes 6 months ago | parent | context | favorite | on: US SEC preparing to scrap quarterly reporting requ...

Not just - Welch pioneered using GE Capital to “smooth” earnings - lots of judgment calls in those finance companies in the early 90s.

hattmall 6 months ago [–]

GE's latest trick is to roll long term maintenance contracts into the price of the product and then sell off the unit holding the bag on the maintenance contract. Very shady but very clever.

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