G.E. to exit all businesses related generally to electrictity

The NY Times and others are reporting that GE plans to sell its appliance division.

In other news, McDonalds has announced it will stop selling Quarter Pounders and Nike is exiting all lines of business related to sports.

Who dreams this stuff up? This sounds like an idea straight from Jack Donaghy, vice president of east coast television and microwave oven programming?