GE used to be my favorite brand for appliances and electronics because of their quality and long-lived products. I was never disappointed.
What happened?
“What happened?”
If I recall, a few years back they moved their radiology manufacturing unit from Wisconsin to China. That started the downfall.
Jack Welch actually started the downfall of GE when he decided that the people he shuffled around the various businesses didn’t need to know those businesses.
GE made the BIG OBAMA BET! They turned their whole business model around to align with all of Obama’s priorities and of course they were supposed to benefit from all of Obama’s regulations. In reality they tried to play the Oligarchy Game and lost big time.
GE <> at their peak with Ronald Reagan as their spokesman.
https://www.ge.com/reports/ronald-reagan-ge/
GE no longer brings good things to life.
BO’B and the establishment cabal succeeded in bringing this company to its knees. They are the experts of destruction.
GE got dependent on crony-capitalism. Major investments in wind turbine business unit. Profitable until the subsidies dry up.