# Prof. Lawrence White on blue chip stocks' recent earnings reports

1 Faculty News October 23, 2014 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](http://www.marketplace.org/topics/business/blue-chips-down-not-out) -- "Historically, they were big, well-known companies, often in consumer goods, like Procter & Gamble, General Motors, General Electric and General Mills, says [Lawrence White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), an economics professor at the N.Y.U. Stern School of Business... But even blue chips can fall, says White, recalling General Motors' bankruptcy. 'The stock holders of the old General Motors came out with nothing,' he says."

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