or not, and we would pay big bucks,” he said. “Any banker would tell you that.” He said Jeff did some good deals, such as the acquisition of Enron’s wind business and Jenbacher’s distributed power business. But, he said, “the majority of GE’s acquisitions were overpaid for.” He said too much money was spent building out GGO and GE’s software business in Silicon Valley. “GE put some money in stock buybacks at probably the wrong levels,” he continued. “And the whole time along, you’ve got Blair Effron, one of the top guys from Centerview, advising the board on capital allocation, at least for
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