“It’s over now," said Nick Heymann of William Blair, who has followed GE for years. "In a digital economy, there’s no real room for it.”
https://abcnews.go.com/US/wireStory/storied-general-electric-split-public-companies-81051832
7 replies (most recent on top)
The timing coincides with the union contract negotiations set for 2023. Hmmmm….
In history all empires fail! Look at Americas trend lately.
Two-Jet Jeff reportedly weighed in on the whole situation today. He stated that, if given the reins again, folks would really see what he is capable of.
He was quick to point out that when he left things were still good and the company failed under the LOL CEO that now has the reins (Lack-of-Leadership-Culp).
It’s never over till I get my pink slip
So long t rates so long Schenectady jobs
I feel your pain. As deeply disappointed as I am, I have to admit Larry Culp is one heck of a leader. He made the tough decision to do what needed to be done for the major pieces of GE to survive and thrive down the road. Just imagine if Culp had been installed as CEO instead of Immelt in 2001 - GE would be among the trillion dollar companies today. Just a single leader can make a world of difference.
The management destroyed this great company.
They swaned around like they were gods!
The higher they climbed up, the ladder the more 'elevated' they became.
What a sad end to a great company!!!