Two generations ago, United Aircraft (parent of Pratt & Whitney, now merged with Raytheon) risked TWO THIRDS of their corporate capitalization to commit to the emerging technology of gas turbine engines. That bold move preserved UA's future for the next 60+ years.
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Post: @6rok+1arJAHu1 _ I understand that our management does not have the courage for things like this, but is that the only reason why such great things are no longer possible?
5 replies (most recent on top)
Did it in the early 2000's for those who remember. Rolled the dice... And won... for a while at least. Damn good job too.
Duh, sounds like a normal day at the office for Tesla and a host of other electrification companies.
A publicly traded company has rules that didn’t exist fifty years ago. Betting all that stock owner money would generate criminal suits today. (Ask Elon). Little guys pension is now protected at the expense of innovation.
Honeywell knows this and therefore is not investing in businesses that are entering late life phase (oil) and commoditization phase (aircraft).
Lacking great visionary employees to dream up the next thing ( not the Honeywell way, sry gyro people...we bought/stole that tech) the Charlotte team is waiting for opportunities to buy into the new growth areas and dump the old stuff. Honeywell used to make nice computers too... I bet your dad moaned and declared it was the end of the company when they dumped that commodity business.
If you want risk and innovation go work for the new companies...or do you think that is too hard and you are too old?
I am certainly too old and am just counting days until pension time. If a RIF comes along that would be just fine with me.
Duh, sounds like a normal day at the office for Tesla and a host of other electrification companies.
A publicly traded company has rules that didn’t exist fifty years ago. Betting all that stock owner money would generate criminal suits today. (Ask Elon). Little guys pension is now protected at the expense of innovation.
Honeywell knows this and therefore is not investing in businesses that are entering late life phase (oil) and commoditization phase (aircraft).
Lacking great visionary employees to dream up the next thing ( not the Honeywell way, sry gyro people...we bought/stole that tech) the Charlotte team is waiting for opportunities to buy into the new growth areas and dump the old stuff. Honeywell used to make nice computers too... I bet your dad moaned and declared it was the end of the company when they dumped that commodity business.
If you want risk and innovation go work for the new companies...or do you think that is too hard and you are too old?
I am certainly too old and am just counting days until pension time. If a RIF comes along that would be just fine with me.
I would assume that their technology and business leaders would have respected each other and were able to take this big strategic decision in collaboration. Here, the decisions will be taken by business or M&A folks (who have no essential idea about technology) but only know how to smooth–talk, don’t want to listen to technology LT and are scared of taking any risks.
Because what they did took ba––s! Nothing we have here at the H