GE Taking Its Business Cues From '30 Rock'
Business types are excited about the news today that General Electric is planning to sell off its appliance division in a $5 billion move. Normal types are excited because this proves that GE CEO Jeff Immelt is now making decisions for his $323 billion company based on how they would affect the characters of 30 Rock. After Alec Baldwin's character Jack Donaghy got relieved of his imaginary position running the microwave division of GE's NBC on the April 21 episode, it was only a matter of time before this sale happened. The loss of a leader of Alec Baldwin's caliber—and its ripple effects on Tina Fey—sends strong signals to Wall Street. Recap video of that fateful episode is below. If GE decides to finance Tracy Morgan's Fat Bitch 2 movie, we're rating its stock a strong buy.