Who would have ever thought that GE, who 20 years ago was one of the most powerful companies on the dow jones would end up getting kicked off of the Dow. back in the early to mid 90's I must have owned around 4,000 shares of the stock when it was considered gold. Fortunately, I sold off all of it by the late 90's just before it went downhill. Remember the old slogan "You can't spell greed without GE""
Once the world’s most valuable company, GE will be replaced by Walgreens Boots Alliance Inc., the Deerfield, Illinois-based drugstore chain created in a 2014 merger. The change will take effect prior to the open of trading next Tuesday. Down 26 percent, GE is the worst performer in the Dow in 2018, as it was last year, as well.
“It was an issue not of if, but when,” said Quincy Krosby, the chief market strategist at Prudential Financial Inc. “The GE that was dominant in the Dow in the ’70s and ’80s is no longer the same GE.”
https://www.bloomberg.com/news/artic...member-removed