Thoughts?
6 replies (most recent on top)
@PO4zmZE-2ngn - Agree to the comment on the wind acquisition being the only one that paid off in the last 15 years ; all others have been wasted $ . They tried doing in this in solar twice only to fall flat . Not to mention the disaster that Alstom is looking more and more as. It was an Immelt , Bolze ego trip , but Flannery was the M&A guy - so hush hands are not clean either.
Haha "synergy" is a joke at GE. Too many execs building their empires not wanting to share info or resources if it doesn't benefit their own bottom line. We still have the different businesses paying millions to build their own duplicate databases instead of sharing one. The problems run deep and a top to bottom house cleaning is necessary, but Flannery isn't the guy to do it. Good luck to all in these uncertain weeks ahead. Keep your head down and eyes up!
It should have been broken up a long time ago. No synergies or efficiencies across the conglomerate. Factor in that every initiative, and there have been too many to count, has gone from extremism for implementation to out of sight ... anyone remember 6 Sigma. The senior people are all about control and getting rich for themselves. The most laughable part is the bs integrity / Spirit & the Letter stuff they tout ... Do as I say not as I do, and that includes Welch who took financial manipulation / gaming to the next level, investors were too overjoyed with the stock returns to question what was really happening. Then came I melt whose every decision was poorly timed (Capital divestiture ... afraid of the Democrats taking the White House! and btw ... where is all the cash from those sales???), and/or poorly executed (Alstom, etc). Only success the company has had was buying the wind business in the fire sale deal from Enron
Break it into pieces, sell the pieces, and give the shareholders the proceeds. This is how a giant conglomerate dies... with a whimper and fire sales.
The Business will eventually be broken up. That is Trains answer to everything. Have your resume ready, pay off your debt and see you at the unemployment line.
Break up what? Power?