1. ‘Destruction of Capital’: How GE’s Decade of Stock Buybacks May Come Back to Haunt the Company

    ‘Destruction of Capital’: How GE’s Decade of Stock Buybacks May Come Back to Haunt the Company

    GE may now be wishing it could take back a string of stock buybacks.

    One of the charges leveled by accounting sleuth Harry Markopolos in his explosive report, "General Electric: A Bigger Fraud Than Enron," is that GE was buying back tons of stock with cash desperately needed to sustain its failing long-term care business...

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