Posted on 11/09/2021 4:30:12 AM PST by Recovering_Democrat
Nice quip.
I have family roots in Upstate NY, went to college there.
Lots of Americans there. I don’t run with the “Lee was a traitor” mob, and I don’t go with writing off Americans stuck behind enemy lines, either.
Having been in your position, that must have given you no small amount of satisfaction.
Woke management.
Schenectady is illustrative of NY in general, businesses pushed out and small cities crumbling inhabited by mumbling welfare recipients wandering the streets. And so they are "rewarded" with one of the few casino licenses Cuomo doled out. So now they have a casino in a decrepit slum, talk about great management.
Sorry to hear that, not surprised.
G.E.
DuPont
AT&T
et al
Other manufacturing giants, gone “South” or out of business in fragments.
“How about they move back to Schenectady and make some f’ing 60 watt light bulbs again?”
They still have their turbine plant in Schenectady, and their Global Research Center in nearby Niskayuna.
In my youth it took about half an hour for the workers to get out at the end of the workday because they had so many workers at the Schenectady plant.
Events like this are a clear rebuke to Marxist theory.
Marx believed that companies would buy each other and capitalism would collapse once there were only a few giant monopolies.
GE shows that capitalism works. Bad companies die and get broken up just as fast as new ones are born.
Predator eats prey, but instead of digesting the digestible parts and spitting out the rest, prey turns into a parasite that kills the predator. I don't get it.
At one company where I worked, they had acquired another company (we'll call them BH) which had never made any real money. The profitable part of the company, where I worked, did most of their business with Home Depot.
The BH part of the company (never made any money, remember?) decides that Home Depot is infringing on their (almost worthless) intellectual property, and takes them to court. Home Depot, understandably, kills their business relationship with the profitable part of the company, basically destroying the business altogether. And the lawsuit? Oh, yeah, BH lost that one too. Geniuses!
They once employed 30,000 workers, the current population is 65,000. Secretaries enrolled in their savings and security program retired with close to a million dollars - it was a gift to the capital district. New York and Schenectady killed the Golden Goose.
You can lay much of this at Jack’s doorstep.
“ GE shows that capitalism works. Bad companies die and get broken up just as fast as new ones are born.”
If you think that the conditions in Schenectady, Youngstown, and all the other Obama x 2 towns that switched to Trump shows that capitalism “works”, I don’t know what to say.
“They once employed 30,000 workers, the current population is 65,000. Secretaries enrolled in their savings and security program retired with close to a million dollars - it was a gift to the capital district.”
I knew a guy who worked in the shop at GE Research his whole career and accumulated nearly a million dollars of GE stock over several decades.
I guess you missed the part where the poster wrote “Bad companies die and get broken up just as fast as new ones are born.”
Lawyers rejoice. Investment bankers cheer.
Fees are going to be YOOJ
Probably back when a million bucks was real money. Today, it doesn’t go far.
My wife had an assistant in the early 80s. Her husband was an engineer at NASA in Mt. View, CA. He got a job offer from Boeing and they moved to Seattle. The woman took a secretarial job at the then-new Microsoft. Guess who in the family made all the money?
So now they have a casino in a decrepit slum,
It was closer to the hookers that way.
Probably back when a million bucks was real money. Today, it doesn’t go far.
My wife had an assistant in the early 80s. Her husband was an engineer at NASA in Mt. View, CA. He got a job offer from Boeing and they moved to Seattle. The woman took a secretarial job at the then-new Microsoft. Guess who in the family made all the money?
I worked in the R&D center years ago. Also visited there R&D center when working at a computer company for a innovative product they had.
Later one I went to work at Ericson GE. They management was a good ole boys network. Not surprised to see they go down and break up.
People were not awarded on the contributions. They were rewarded if they were in the inner circles. Sometimes they wanted to stick to old technology. Best thing I did was to leave them and work a places where they reward contributions. Salary has tripled.
I worked in the R&D center years ago. Also visited there R&D center when working at a computer company for a innovative product they had.
Later one I went to work at Ericson GE. They management was a good ole boys network. Not surprised to see they go down and break up.
People were not awarded on the contributions. They were rewarded if they were in the inner circles. Sometimes they wanted to stick to old technology. Best thing I did was to leave them and work a places where they reward contributions. Salary has tripled.
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