Almost everything about General Electric is getting smaller. That includes its business empire, its profits and, of course, its stock price.
But GE’s debt is still alarmingly large, thanks largely to a series of major deals that turned into nightmares. And it could thwart efforts to restore the company to greatness. The huge debt load has forced GE ( ) to scramble for cash by selling even more businesses, a strategy that will eat away at future profits.