Lubricans story site is a collection of original erotic fiction, written for an adult audience, having both short and long stories including the genres of young love. The San Francisco 49ers are a professional American football team located in Santa Clara, California, which is part of the San Francisco Bay Area. Our latest sexy videos, hot videos and free XXX videos. Play Going Going Gone Baseball Arcade Editionbaseball game Smash and Blast Baseball 2 Hit destructive home runs and gather all the stars Click screen to trigger. Flick-Gator_Cheerleaders_display_image.jpg?1288132404' alt='Cheerleaders Gone Split' title='Cheerleaders Gone Split' />GE Annual Report 2. GE Letter. It is easy to be uncertain as an investor today. The global economy is long on volatility and short on economic leadership. But GE remains a good investment. In a complicated world, we are simpler and more competitive. In an uncertain world, we are skilled in managing through tough cycles. In a risky world, we have cultural strength and a lot of cash. We are tested. Companies that think they are perfect can get you in trouble in this environment. GE is not perfect, but we make progress every day. In 2. 01. 5, we continued to take strong actions that make GE better. We transformed our portfolio by exiting most of financial services while completing the purchase of Alstom, our largest industrial deal. This ends a period in which we refocused GE as a high tech leader. To do so, we sold more than half the Company where we lacked competitive advantage and rebuilt our core franchises. Every GE business today rests solidly on a bedrock of deep domain competency. The bold strategy to exit GE Capital came from Keith Sherin and his team. The plan was complicated, challenging and risky. It involved one of the largest corporate restructurings in history. Their execution has been flawless. The move says a lot about the GE culture We are willing to take bold actions in the face of uncertainty and our team puts the Company ahead of their own interests. At the same time, we accelerated our transformation as a leader in the Industrial Internet, becoming a Digital Industrial company. Keygen Generator For Any Software Free. In the Industrial Internet we see the next great wave of productivityboth for our company and for the customers we serve. We are a company that invests in broad industrial transitions, and they dont come much bigger than the full application of data and analytics to machines and systems. The essence of GE is the unique ability to create value from the intersection of horizontal capability with vertical expertise. Competing across multiple businesses and regionsthe horizontalrequires strategic agility and culture, but it is increasingly valuable. This is how we create competitive advantage from size and diversity. A digital world facilitates more horizontal solutions for customer productivity and internal speed. A volatile world puts more of a premium on reducing risk through diversity, another horizontal skill. At the same time, companies must be deeper to drive low cost, achieving customer outcomes with high sharethe vertical. New innovation will require deep science and, many times, new manufacturing techniques. There are not many companies on Earth that can develop high tech infrastructure systems at scale, a vertical strength. Maximizing the valuable interface between horizontal and vertical is institutional, part of our leadership capability and embedded in our culture. How We Performed Against Our 2. Operating Goals. Target. Actual. Year over year. Industrial1. 1. 0 1. GE Capital Verticals0. Industrial with Corporate1. Asset sales Ending Net Investment excluding liquidity9. BNAFree cash flow dispositions. B1. 5. 2. B2. 3Cash returned to investors1. B3. 3. 0. B2. 2BNon GAAP Financial Measure. See Financial Measures That Supplement U. Reggae Drum Kits. S. Generally Accepted Accounting Principles Measures Non GAAP Financial Measures on page 9. Form 1. 0 K. Excluding Alstom. Excluding restructuring and other gains. Executive Leadership Team. Jeffrey R. Immelt. Chairman of the Board and Chief Executive Officer. Bill Ruh. Senior Vice President and Chief Digital Officer. John G. Rice. Vice Chairman and CEO, Global Growth Organization. Philippe Cochet. Senior Vice President and Chief Productivity Officer. Alex Dimitrief. Senior Vice President and General Counsel. Vic Abate. Senior Vice President and Chief Technology Officer. Susan P. Peters. Senior Vice President, Human Resources. Keith S. Sherin. Vice Chairman, GE, and Chairman and Chief Executive Officer, GE Capital. Jeffrey S. Bornstein. Senior Vice President and Chief Financial Officer. Beth Comstock. Vice Chair. In the midst of our transformation, we delivered good results. In 2. 01. 5, we grew our Industrial earnings per share by 1. Our Industrial return on total capital expanded 2. We won in the marketplace, finishing the year with 3. Strong execution was reflected in our share price. GEs total stock return was 2. S P 5. 00, which grew by 1, and the industrial index, which declined by 4. We have solidly outperformed the broader indices over the past three years, when we grew by 6. GE ended the year as the eighth most valuable company in the world. Goals. 1Industrial Operating EPS 1. Industrial VerticalsOrganic growth of 2 4Core margin expansion. Corporate 2. 0 2. BAlstom. 0. 5 Appliances gain. Restructuring gains. FX impact 0. 0. High teens Industrial tax rate. Free Cash Flow Dispositions 2. BCFOA of 3. 0 3. B 1. B Capital dividend. Dispositions of 3 4. BNet P E of 4. B3. Cash Returned to Investors 2. BDividend of 8. BBuyback of 1. BTo sustain this performance, we will have to win in challenging global markets. Some say we are in an industrial recession, but I dont really know what that means. I learn more from what I see in individual markets and hear from customers. Commodity prices are down significantly, primarily driven by oversupply. Resource industries and regions are restructuring. The dollar has strengthened, probably for an extended period of time. This puts pressure on American exporters. At the same time, commercial air travel is at a record high. Healthcare demographics and access will demand an increase in global spend. And one third of the worlds population still lacks sufficient access to electricity. The global imperative for enhanced infrastructure investment has not changed. Growth is available, but you have to work at it. What is unique in this cycle is the difficult relationship between business and government, the worst I have ever seen. Technology, productivity and globalization have been the driving forces during my business career. In business, if you dont lead these changes, you get fired in politics, if you dont fight them, you cant get elected. As a result, most government policy is anti growth. In the U. S., we want exports but seem to hate trade and exporters globally, governments love small businesses but then regulate them to death. And so, we perpetuate a cycle slow growth, poor job creation, populism, low productivity, higher regulation, poor policy and more slow growth. We now live in a world where the most promising growth policy is negative interest rates. In the U. S., 2. 01. GDP growth failed to reach 3, a rate that used to be considered our entitlement. We dont try to pick a cycle, or time a market, or complain about elections. We will always act to get more out of this economy than our peers. We believe in self help. We are aggressively managing our cost structure to capitalize on deflation. In 2. 01. 6, we will fund a record level of restructuring. We have a very strong balance sheet with excess cash. This gives us the ability to create value buy back stock, bolster your dividends or acquire distressed industrial assets. We have the ability to finance our industrial products, a huge advantage to support our customers. We can move production to the lowest cost regions and capitalize on currency or excess capacity. And, we are continuing to invest. Videos Show High School Cheerleaders Screaming In Pain While Forced Into Splits. Denver police are investigating an incident involving cheerleaders at East High School being forced to participate in painful and possibly abusive practice routines. News was sent a series of videos in which cheerleaders on the East High team are forced into a split position while screaming in pain. This is not how you learn how to do a split The man pushing on the shoulders of the girl in the video above is Ozell Williams, who is the coach of the cheer team. News reports that parents have been complaining to the school about Williams for months, and that he has been placed on leave while the police conduct their investigation.