Last all hands meeting financial results were shared that cleverly tried to hide the fact that the costs of running this place are still double the revenues it brings in. Additionally, management seems unwilling to admit that automation products based on technology from 1995 are what give this place any sort of pulse and keeps thinking APM and Predix will magically start selling despite the fact that they have no sales team now. Cannot believe that these business leaders are still around and keep getting promotions and raises while this business fails. The harshest truth is to realize that an investment in the QQQ (technology S&P 500) returned 20% over the last 5 years. GE's shareholders would have earned a better return putting the money on the market. Not sure why they keep throwing good money after bad or why these clowns are still around.
3 replies (most recent on top)
"Additionally, management seems unwilling to admit that automation products based on technology from 1995 are what give this place any sort of pulse"
Absolutely true! What's even more ridiculous is that most of upper management doesn't even know what those products are and thinks everything is somehow related to Predix.
Honestly I used to joke about how dysfunctional Tesla and UBer's finances are to try to grow (although they are succeeding at growth)....but after the numbers in that deck I think there is no competition. At this point they should just go for the title and record of worst loss (%) ever...
Clearly you want to sound smart, but obviously you have no clue!