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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

UPS Freight , the fifth-largest LTL, reported tonnage off 10 percent (matching the record decline reported in the 2009 3Q during the depth of the Great Recession) and shipments down 5 percent year over year (the worst drop since 2008 fourth quarter). Overoptimism 2008-2010 The SEP growth forecast for 2008 never turned negative.

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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business

In 2015 Trian Partners, an activist investor, bought $2.5 In 2015 the 10 largest shareholders in a typical S&P 500 company held almost half of the company’s stock.) Or they may even put the entire company up for sale. During Immelt’s tenure, GE’s stock market value fell by about half. of the company.