Skip navigation.

Managerial Things Not to Do

Managerial Things Not to Do

Apparently GE is considering selling its century-old appliances business

General Electric CO said on Friday it may sell or spin off its century-old appliances unit in a bid to lower its exposure to the slumping U.S. housing market.

Let me get this straight. Right now the housing market in the U.S. is in a slump. So they are going to try to unload a business that is directly affected by this slump at the bottom of the market.

I always thought you were supposed to buy low and sell high, but I guess that's why I'm not in executive management. And these corporate executives get paid a lot more than you do. I guess all that money pushes out the common sense.