Somebody in another thread observed Cummins is going the way of GE, and I can't help but see the similarities. I think it all starts with Tim Solso having "CEO Envy" of Jack Welch, who was regarded as "America's CEO" at the time when GE was flying high. Jack Welch is known for implementing the "rank and yank" management style Cummins still has entrained in it's culture (even if it's not technically the policy anymore). Move on to more recent times when GE went on a spending spree in an effort to stay relevant in a changing world (see their purchase of Alstrom when the price peaked). Cummins is doing the same now eating up every battery and now hydrogen company they can get their hands on. All the while treating employees as just a means to cut costs. We know how GE's story goes: getting kicked out of the Dow Jones, selling off divisions (e.g. rail) to make it to the next quarter, playing CEO roulette to hope for a miracle and/or keep the blame on somebody else. I suppose we'll see if the paths will diverge, or if Cummins will just be left on the roadside as another example of corporate mismanagement.
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Interesting comment with Cummins announcement last week of selling off filtration business.
Good comment, never even considered it but it seems like it's going the same way as GE.