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What the Hell Happened at General Electric?
Fortune ^
| 05/25/2018
| Geoff Colvin
Posted on 05/25/2018 9:03:43 AM PDT by SeekAndFind
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To: SeekAndFind
21
posted on
05/25/2018 9:28:50 AM PDT
by
bmwcyle
(People who do not study history are destine to believe really ignorant statements.)
To: redgolum
“GEs model is nuts. Firing bottom 10% every year, then hiring them back as consultants.”
I’ve seen the ranking system eliminate some very good people who were not good at office politics. The schmoozers did well, especially if they were in a protected class. In the 90’s it normally took a lot of merit to hold on or advance, became much more “political” after Welch retired. Welch had a great internal training system that developed leadership such that as he prepared to retire there were 3 main contenders - the two “losers” going on to head Boeing and Home Depot. Lots of talent at all levels have left GE for better positions elsewhere when they didn’t fit the political model, and GE has paid the price.
To: SeekAndFind
Obama pretty much made GE a government run corporation.
23
posted on
05/25/2018 9:33:32 AM PDT
by
shanover
(...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
To: shanover
That’s Fascism right there.
Some folks still don’t see Fascism as a Left-wing ideology, but it is. Those sweet little Progressives? They’re Fascists.
To: LibertyOh
the two losers going on to head Boeing and Home DepotYeah, Bob Nardelli was not a good fit for Home Depot.
25
posted on
05/25/2018 9:41:22 AM PDT
by
PGalt
To: SeekAndFind
GE makes junk appliances.
I’ll never again own anything from GE.
To: SeekAndFind
“to be succeeded by John Flannery, head of GEs health care business”
Health care business?
27
posted on
05/25/2018 9:53:01 AM PDT
by
McGruff
(MAGA)
To: SeekAndFind
Strong supporters of Obama and the Democrat machine
They backed the wrong horse
To: SeekAndFind
Hey Immelt happens.
5.56mm
29
posted on
05/25/2018 9:55:19 AM PDT
by
M Kehoe
(THIS SPACE FOR RENT)
To: SeekAndFind
Thanks for the reminder. I just bought some GE put options.
30
posted on
05/25/2018 10:04:07 AM PDT
by
bankwalker
(Immigration without assimilation is an invasion.)
To: Original Lurker
GE appliances were bought by Qingdao Haier Co. Ltd. in 2016, after the attempted sale to Electrolux in 2014 was blocked by US government due to anti-trust issues.
To: McGruff
Medical equipment, MRIs, X-rays, etc.
32
posted on
05/25/2018 10:10:34 AM PDT
by
Lurkinanloomin
(Natural Born Citizen Means Born Here of Citizen Parents__Know Islam, No Peace - No Islam, Know Peace)
To: CharlesMartelsGhost
It was because of that purchase that I was able to retire early.
33
posted on
05/25/2018 10:11:35 AM PDT
by
Lurkinanloomin
(Natural Born Citizen Means Born Here of Citizen Parents__Know Islam, No Peace - No Islam, Know Peace)
To: M Kehoe
RE: Hey Immelt happens.
One business term that could be used for companies that are like GE is ‘Immeltdown’ :)
To: SeekAndFind
35
posted on
05/25/2018 10:18:35 AM PDT
by
suekas
To: LibertyOh
Lots of talent at all levels have left GE for better positions elsewhere when they didnt fit the political model, and GE has paid the price. GE laid me off, along with everyone else in my office, so they could move our whole division to India. Why should any American consumer have any brand loyalty to a company that has no loyalty to the American worker?
36
posted on
05/25/2018 10:20:23 AM PDT
by
Campion
(Halten Sie sich unbedingt an die Lehre! [Hold absolutely onto the Teaching! -- BXVI])
To: Campion
I support a GE site and they have a guy who is about to leave. Got a gig with the Air Force to be a C-17 pilot.
37
posted on
05/25/2018 10:28:46 AM PDT
by
ThomasThomas
(Fools find no pleasure in understanding but delight in airing their own opinions.)
To: SeekAndFind
You know what... I always bought ford f-150 pickup trucks whenever I needed a truck... But, what the heck, why should I buy an American truck made in Mexico when I can buy a Japanese truck make in Japan.?? I mean, after all, Japan is an ally of the USA.. Mexico...not so much.!!
I don't know of any consumer goods that GE makes in the USA..
38
posted on
05/25/2018 10:32:29 AM PDT
by
unread
(Joe McCarthy was right.......)
To: redgolum
” Firing bottom 10% every year, then hiring them back as consultants.”
That’s the IBM model too. Wonder if it has anything to do with an Ivy League business education?
39
posted on
05/25/2018 10:37:32 AM PDT
by
dljordan
(WhoVoltaire: "To find out who rules over you, simply find out who you are not allowed to criticize.")
To: jalisco555
"Crony capitalism only works when your cronies are in power." :) Good one.!
40
posted on
05/25/2018 10:37:42 AM PDT
by
unread
(Joe McCarthy was right.......)
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