Power Failure: The Rise and Fall of an American Icon

by William D. Cohan

She also spoke with Robert Friedman, a financial analyst at S&P, who had been an early critic of GE’s financial engineering. He was concerned about the juxtaposition of GE’s high price-to-earnings multiple and its “relatively low” return on capital. “Sooner or later the chickens are going to come home to roost,” he told Morgenson.