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As an Ex GE employee, it is also a good example when senior leadership comes from primarily Sales or Finance track and get rotatted every 3 yeara.. Minimal domain knowledge. Not sure how many senior leadership knew the energy or healthcare sector in/out
General Electric thought it was an impregnable machine. Inside the decline of an American icon. https://www.wsj.com/articles/ge-powered-the-american-centurythen-it-burned-out-11544796010 … via @WSJ // Must read. Narrative of success/not of a company is much longer than one person/tenure. True test is what foundation is built on and what is next.pic.twitter.com/EYiNVoiayv
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Yes. Another artifact of running everything like it was finance.
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Same problem that
@AmericanAir has with Doug Parker today, running an airline like it's finance. No sense of product, customers, CEO doesn't even try product before launching.
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Structural issues decades in the making can't be resolved in 14mnths. The Board didn't give Flannery time to succeed. We laud a "move fast & break things" mindset & the lure of "disruption" (theranos, juicero etc.) Vision is so much easier to craft than actual infrastructure.
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No doubt. But where was the board when the company basically turned into a sneaky bank?
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The article tells us. It was “Applauding”
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See also How The Mighty Fall: And Why Some Companies Never Give Inhttps://www.amazon.com/dp/0977326411/ref=cm_sw_r_cp_api_i_mcwfCbJTZM5QY …
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look at what companies were in the first books. -
I’m pretty sure GE is in the first and should have been in the second!
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Remember when a certain leader tried to bring the Jack management style to
$MSFT? That was terrible. - 1 more reply
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What happens when a smooth talking MBA tool (Immelt) is given the reins. Nothing more to it.
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Wondering: All things have lives. Should we be surprised when Cos have finite lives?
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They always managed to hit consensus earnings per share numbers to the penny while they had GE Capital
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