Ed Morrison

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And would GE still be able to maintain its annual $1.24-a-share dividend for shareholders, costing the company more than $13 billion a year? That money could perhaps better be spent elsewhere. Of course, cutting the GE dividend—if he did it—would be another black mark for Jeff, since the company had been paying dividends since 1899 and had cut it only once, in 1938.
Power Failure: The Rise and Fall of an American Icon
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