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Has General Electric Conquered
Part one of term paper
the business cycle? According to the companies past three financial statements it appeared as if they have indeed done so. Looking at GE's 1996 Annual Report, Letter To Share Holders, the first phrase of the 14 page document was "In 1996, your Company had its best year ever." Companies such as GE spend millions if not billions of dollars p ...
Part two of term paper ... to please its stockholders in every degree according to Prof. Saldana of Phl 205 (Business and Professional Ethics). Profit is the generating force behind all Corporations. A famous quote taken from J. D. Rockefeller (19th century Billionaire) states, "Let them eat cake!" Defined by many to explain his strict economic policies and ruthless elimination of business opponents it also reinforces the fact why Corporations must always do well. Understanding this concept explains why a conglomerate corp ...
Word count: 555 | Approximate pages: 3
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