No.1 on the list is General Electric. This is highly misleading. Haier only bought GE's appliance business, which was only a small non core business and sold to Haier along w right to use GE brand for a number of years(5 years?). Haier did NOT buy GE the entire company, probably wouldn't have been approved by merger authorities. Gen Flynn needs to be more careful w these things.
No.1 on the list is General Electric. This is highly misleading. Haier only bought GE's appliance business, which was only a small non core business and sold to Haier along w right to use GE brand for a number of years(5 years?). Haier did NOT buy GE the entire company, probably wouldn't have been approved by merger authorities. Gen Flynn needs to be more careful w these things.