Thread regarding General Electric Co. layoffs

The last town hall meeting is all one needs if it had any ideas they care.

I don't think Flannery, Russel and the other muppets are stupid, they are however complete clueless on how to turn things around and fix the root cause of the problems.

They have the wrong mentality, the wrong background and the old pat on the back even they announce 12000 families who will have a sad holiday season.

Bad Management

GE has lost its way and has really poor management last decade.

How can managers with little technical knowledge about the business succeed compared to the experts they used to have who worked and knew the business from the bottom up.

Its so sad to GE fail these days

LOL corporate leaders have for too long focused on quarterly metrics on businesses that are 30 year cycles. Guess what? They can do really stupid things to improve next quarter that won't cause problems for 3 years.

Promotions were based on the PIE model (Performance, Image, Exposure) - and they assumed everyone had "Performance " already because they passes an HR interview. They justified promoting by Image and Exposure. Guess what- letting in women and minorities doesn't mean it's not an old boys club. Sons and daughters of senior execs became some of the youngest execs in the company. Man, must be in the genes.

"inclusiveness " Was a core value that drive group think and a-- kissing, and quashed independent thought and dissent. Raising a technical concern or pointing out a suboptimal product strategy was seen as being negative.

The execs aren't stupid, but they are insulated and have surrounded themselves not with the best and brightest junior execs, but with the nicest and schmoozingest... plus, they get 10x the pay and 20x the pension, and pretty much infinite job security, so it makes for a different perspective than working folks.

Of course they aren't stupid, but they are too far way from the products, and too internally focused. It's corporate narcissism. Do you think Russel Stokes or Scott Strazik know anything at all about a power plant?

No, you're the stupid one for thinking the way you do. Why do you think Amazon and Apple have grown into the largest corporations in the world? It's by creating customer value and focusing on execution. GE has tried to use financial engineering to extend it's lifespan, but it's come crashing down and all brought home by both lack of customer focus and poor execution. That boils down to incompetence and/or stupidity for not noticing the market forces over the last twenty years that enable startups to disrupt dinosaurs like GE in only a handful of years.