Quote:
Originally Posted by collie1228
I'm a former GE employee (GE Aerospace until it was acquired by Martin Marietta/Lockheed Martin) and a graduate of GE's Financial Management Program. In those days GE was proud of its tradition of conservative, accurate accounting methods, and you could trust their financial statements as accurate. That's no longer true. Jack was a great CEO who fell under the spell of "easy money" in financial services, then Immelt took over and completely screwed up the company. Jack's selection of Immelt as his successor should go down in history as the worst decision ever by a CEO. This is from a USA Today article in 2018: "When Jack Welch turned the keys of the General Electric Co. over to Jeff Immelt in 2001, GE was a well-run and greatly admired profit machine, stocked with exceptional management talent and innovative practices. Over the next 16 years, while Immelt held the top job, he completely demolished the House that Jack Built."
|
We must have been in some of the same conversations, maybe not in the same town, but the same talk, as things were changing at GE.
Yes. Neutron Jack. And then —
Where I am from, a job with GE or PG was the goal of a lot of us. We thought those two companies would be forever.