“What the Hell Happened at GE?”

What the Hell Happened at GE?,” by Geoff Colvin, Fortune

“In January [GE] wrote off $6.2 billion in connection with a long-term-care insurance business in GE Capital and said that business would require another $15 billion of write-offs over the next seven years. The charge was so big and unexpected that the SEC opened an investigation, still unresolved.”

LTC Comment (from Stephen A. Moses, Administrative Coordinator, Center for Long-Term Care Reform):

Fascinating story of a corporate implosion with an LTCI hook.

What the Hell Happened at GE?

#GE
#goldencareagent