FILE PHOTO: General Electric Co. Chief Executive Officer Larry Culp mingles with shareholders at the company’s annual meeting in Tarrytown, New York, U.S., May 8, 2019. REUTERS/Alwyn Scott
NEW YORK - General Electric Co Chief Executive Larry Culp said on Thursday that a report alleging GE was hiding financial problems was “market manipulation – pure and simple.” In a statement responding to a report alleging fraud at GE, Culp said the report “contains false statements” and that author Harry Markopolos stood to gain from short-selling related to the report. GE’s shares fell as much as 15% Thursday after the report came out.
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the big trump art of the deal. DECEIT.
if only Reuters had some journalists that could check if the report is accurate instead of being GEs pr agency
ThatssRich But what if it's true 😳
Someone made a lot of money short selling GE stock today.
Open the books, and lets see then.
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