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关注:1
2013-05-23 12:21
求翻译:With its role in everything from aircraft leasing to store-brand credit cards for the likes of Wal-Mart (WMT), GE Capital has long been a potent driver of profits. While CEO Jeffrey R. Immelt has added much-needed transparency to the operations during his seven-year tenure, he also allowed GE to become more reliant on finance. The business went from roughly 40% of operating earnings in 2001 under former CEO Jack Welch to 50% in recent years. Infrastructure, however, is emerging a growth engine. And GE Capital became increasingly reliant on commercial paper, the short-term source of funding that abruptly dried up during the Wall Street crisis.是什么意思? 待解决
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With its role in everything from aircraft leasing to store-brand credit cards for the likes of Wal-Mart (WMT), GE Capital has long been a potent driver of profits. While CEO Jeffrey R. Immelt has added much-needed transparency to the operations during his seven-year tenure, he also allowed GE to become more reliant on finance. The business went from roughly 40% of operating earnings in 2001 under former CEO Jack Welch to 50% in recent years. Infrastructure, however, is emerging a growth engine. And GE Capital became increasingly reliant on commercial paper, the short-term source of funding that abruptly dried up during the Wall Street crisis.
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