69FunnyNumberGuy420 t1_jdv9sdx wrote on March 27, 2023 at 1:36 PM

Reply to comment by tinacat933 in 'If you're not growing, you're declining': Finding Giant Eagle's place in the market with a new leader by ddesigns

General Electric is basically a financial company now because they just didn't make enough money being General Electric.

Cyberlout t1_jdvgzt6 wrote on March 27, 2023 at 2:29 PM

Westinghouse is dead now for the same reason. Decided being Westinghouse wasn’t enough.

turp101 t1_jdw20c7 wrote on March 27, 2023 at 4:48 PM

And so many auto manufacturers as well. Cars are a loss leader for several as they make money from their credit services.

Heck - Airline frequent flyer programs serve the same purpose for large airlines as the programs have higher valuations and profits than the actual flying portion of the business.

DisFigment t1_jdywbhj wrote on March 28, 2023 at 5:01 AM

Should never have sold off the Sheinhardt Wig Company.