Thread regarding Honeywell International Inc. layoffs

IBD Article states that Dave Cote as a board member could save GE and their stock price

Borrowed from the GE thread:

https://www.investors.com/news/ge-stock-news-here-are-5-potential-catalysts/

"A major board reshuffle in the works is an opportunity to get things right, Davis suggested. New directors with experience in cost-cutting and spinoffs is key, he said. Among Davis's suggestions: Edward Breen, CEO of DowDuPont (DWDP) and the man who successfully led the breakup of Tyco International; Larry Culp, former CEO of Danaher (DHR); Dave Cote, former CEO of Honeywell (HON); and Inge Thulin, chief of 3M (MMM)."

That's more hatchet men than a crew of lumberjacks. Note that DC still has a reputation of being important to stock price. We all know how well HE runs a company.

GE might as well call in Bain Capital and just end it all in business suicide (like IBM is up to).

by
| 2241 views | | 7 replies (last February 14, 2018) | Reply
Post ID: @OP+RHsAeTJ

7 replies (most recent on top)

OK, Dave

by
| | Reply
Post ID: @2oym+RHsAeTJ

Move on. It's just a magazine article with a financial research firm's opinion. There's nothing substantial behind it that GE is even considering any of the names listed in it to replace current board members.

by
| | Reply
Post ID: @1hgv+RHsAeTJ

It does have to do with Honeywell. GE and Honeywell are like 2 battered women with the same abusive boyfriend. He just switches from one to the other. No matter how much they plead & bleed he just keeps making it worse, telling them it's going to make them "better". I know that's not PC right now but I'd say it's a good analogy.

If you worked in Aero at any site outside of Phoenix, you know it went bad many years before the Phoenix area started felling the pain. Phoenix was mostly spared, building their confidence they weren't going to get hit, but eventually, they got tied to the whipping post, too.

by
| | Reply
Post ID: @nky+RHsAeTJ

If you were able to watch the Aerospace Clownhall, you saw Tim Mahoney on his knees vigorously polishing off GE Aviation when someone dared question his beloved GE. I wonder why? Did he dump his HON shares to roll into GE in his private account or is he looking to "re-anchor" at GE?

by
| | Reply
Post ID: @str+RHsAeTJ

Hey look, I've chopped my legs off. Now come on over here and I'll bite your knees!

by
| | Reply
Post ID: @rsw+RHsAeTJ

So look back to when DC took over Hon and review the revenue, earnings, and stock price. Dave implemented a bunch of good things. Working at Honeywell was pretty good from what I recall in the late 2000's and a few years after. It definitely took a slide after.

In any case GE needs more than a strong BOD. But this has nothing to do with Honeywell

by
| | Reply
Post ID: @odk+RHsAeTJ

Bain Capital is the "Dr. Kevorkian" of Assisted Business Suicide (ABS). They're not the only one, but one of several.

It's hard to fathom that as far as Wall St. is conserned, DC is a "turn around" guy when he's destroyed every company he was involved with. Saving Honeywell when they didn't need to be saved, other than needing to be saved from HIM.

by
| | Reply
Post ID: @upl+RHsAeTJ

Post a reply

: