Jamie miller who was not part of fmp or corporate audit staff is the new cfo. Surely a slap on the face of the much vaunted leadership program, ie CAS. Any comments guys?
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Great post a@PXEx43i-1fnq. Very much true.
The Leadership Programs should be scaled down dramatically, our company is half the size it was and shrinking everyday.
Leadership Program kids(yes that is what they are) do not know much. Cant build and prove anything in a 3 month rotation. CAS and leadership programs are a joke. only thing these programs rewards is one ability to work 24X7 for 3 years.
sure, here's a comment...every single leadership program in the company is garbage and it fosters hiring by a fraternal order vs. qualified candidates. HR and the culture in the company is a disease that will only be cured by cleaning leadership house at ALL levels. it won't happen though because even Flannery is a tried and true GE old boy.
True statement - Knowledge of products , market and customers is no longer a pre-requisite to climb the career ladder at GE . I left the company couple of years back ( having worked 10+ years, joining out of college) - the day I gave my notice my boss's boss ( an officer) called me and wanted to know why I was leaving , and I told him one of the reasons was preferential treatment of " process" people ( jack of all trades, master of none) ahead of "product" people.
Absolutely agreed! GE resembles a hedge fund! Its overrun with these financial genuises who dont have any responsibility or operational capability either. They probably wont even know what a turbine looks like!
The issue with all the Leadership programs and many promotions in general of the younger generation is we’ve gotten away of advancement based on meritocracy. HR has taken us down the road of promotion based on preferential factors that at the end of day in many cases is leading to incompetent Leadership with no bench. You can not survive if Leaders don’t understand the product, market and customers they serve. Too often promotions are based on power point and how good someone can spin a presentation and often those same individuals have no direct accountability for the information they present but put it out there for others own. Until we start mentoring people at the ground level with a solid foundation of business acumen you get what you sew. Unfortunately until we change out the HR Leadership and start promoting on merit and ability to get results things will not change. We have EB’s and SEB’s today who have less directs and in many cases less responsibility than SP bands and they certainly aren’t in those positions based ability to Lead and get results. Look around around anyone in the past could name off 4-5 big Leaders who could run a business in GE today people struggle to name any and many of the Leaders in place today leading the top businesses in GE don’t know the product, industry or customers and what’s even worst don’t even stay in place long enough to deal with the consequences of there too often short sighted decisions that can negatively impact the business for years...and I’m not even talking about Immelt. No foundation...no bench! All we have now are the financial geniuses running businesses that only care about quarter to quarter results never mind customer impact all internally focused. Last I knew without customers you don’t have a business!
No impressed with miller when she joined GIS.
With the near-winddown of GE Capital I presumed CAS’ influence would reduce. Clearly not the case I guess
Obviously CAS’s influence is not waning. But that is the interesting issue. Despite the company floudering under their stewardship, they are the blue eyed favourites!!!
Hope Flannery realizes how useless they are and dissolves CAS
CAS (also OMLP and FMP) is an overrated program that has lost its prestige. The quality of graduates has declined and the best leave the company to work for competitors anyway.
CAS alumni are still doing very well ; one just got promoted as the head of Power services - after Flannery dissed on power services and fired the other guy. They are all over the organization in positions of power, dont bet on their influence waning.
Miller is a surviver from the business to be sold out.
sorry but who the hell thinks anyone coming off a CAS can run any part of any GE business. That the problem with GE. Earn your stripes ...working your way up from manager, GM, VP then corp.
The didn't do very well as CIO so we'll see.
hopefully a realization that CAS and the rest of the leadership programs are not nearly as good as they think. also, having someone who had a start outside the company may be a good thing ... hopefully they haven't ingrained her too much in the years she has been with the company