Immelt was always a horse’s ass. He was the Roger Goodell of multinationals.
My Dad spend 35 or 40 years at GE leading some of the most amazing spacecraft development projects, the first guidance system on the Polaris missile, then later program managed GE’s very first multi-megawatt wind turbine and some other energy projects. He had The demise of GE really hurts personally. Dad is rolling over in his grave.
Wasn’t GE’s CEO a big Obama ass kisser?
I guess they will have to sell off NBC.
0bama gone just over a year and GE is failing. Winning!
Ever contract for GE? I don’t feel sorry for them one bit.
No Jack Welsh’s in shining Armor to the rescue......
“John Francis “Jack” Welch Jr. is an American retired business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company’s value rose 4,000%.
And he is a Conservative.
Sounds like a repeat of what happened to Westinghouse, but on a larger scale.
If they played their cards right, they could turn it around in this economy. There is no reason they can’t capitalize on an American economic resurgence.
I used to be a customer of GE. In many industries. However, every single time they lied. When you fire 10% every year, you encourage unethical behavior