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The duel is one of the most fascinating, and significant events, in corporate America. The investigator alleges that what appears to be a highly qualified team doesn't comprehend its own accounting, and fails to recognize that it's virtually insolvent––and may even be cooking the books––while GE claims that its attacker has the numbers all wrong, and is motivated by financial gain reaped from sinking its stock. The question is a crucial one that could apply to other troubled companies. Is it really possible that a crack new CEO and board, armed with all the right credentials, can fail to understand a complex, opaque business to the point where what they think is a resurgent enterprise is really on the brink of failure?