With all the money spent on people in finance, systems and data crunching they should know. Just another case of too big (and will fail). GE has never been numbers focused as it has never been able to get its arms around all the data flowing through the company and drive consistency.
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Classic GE everyone's a Monday morning quarterback. They knew what would win the game but nobody actually plays for a team.
Many of the raw materials as well as finished goods in the plants in Mexico are actually US legal entity goods via the Maquiladora system which allows “temporary” imports for value add transformation. Since only the legal entities in Mexico hold employee labor and factory overhead for the most part, if the Tarriff’s don’t touch US legal entity owned goods in the Maquiladora flow then the impact will be minimal especially as the Mexico legal entities like many others can have parent companies located in other countries structured using strategies such as a double Irish with a dutch sandwich.
Good post, although I have feeling someone will try to ruin it by making it about the politics and not about the company’s competence.
I just hope the web admins will nuke the troll posts, as they usually do.