JP Morgan analyst Stephen Tusa has estimated $38.9 billion in annual corporate overhead expenses. Given that the company’s management doesn’t appear to have added much value strategically or financially, it would seem that the inflated corporate overhead expenses are dead weight losses in the eyes of the shareholders.
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Wait a minute ... Wasn't he a CEO that split into retirement when walls started to tumble ? Shouldn't these CEOs see jail time for pilfering millions from companies leaving them broken ? All will look back at this mess and the Harvard report will say- SEE Eron...
Overhead can include the import/export teams among others that help the wheels turn. Not all of it is dead weight.
What the hell mind as well keep adding to the corporate overhead (dead weight)...Bring Immelt back as special assistant to the CEO
Wow you're an id--t.
Rice and his incentive package is dead weight on the company. Here is a cost savings 6 sigma idea - get rid of Rice and his proven track record of poor management. By getting rid of Rice, the company will save billions.