The feedback from the potential buyers was hard to take, but no one wanted this bloated business for the price we were asking. Ruh was only around to lure potential buyers. He failed. That is why he was kicked to the curb. So, they put CoreTech under the CFO to shrink and package it in such a way that makes it a little more palatable for buyers. Jamie will cut costs throughout 2019. Very similar to when the then CFO Keith took over Capital. Sounded like they wanted Capital to grow, but the real plan was to divest it. Same for CoreTech. Get ready for a rocky 2019. GE business are not happy with this decision and living with the new double to quadruple rates due to the over-bloated, poor service of CoreTech. You can be sure people will be laid off. CoreTech will become leaner in response from the feedback from the buyers.
4 replies (most recent on top)
The silver lining is the Larry will empower the businesses to choose their own path and suppliers.
Core Tech has WAY TOO many VP's. That is their main problem. And most of these VP's don't even belong in IT let alone Sr Management HAHA. IT needs to go back to outsourcing honestly. It's cheaper and insourcing so many people with no clear direction or not even knowing who their customers are has come back to haunt CT. Most of CT is building products without any close collaboration to any GE BU. They really believe "if we build it they will come" LOL
Ding-dong! The psycho Ruh is gone!
Not that it matters anymore, too late.
The bloated corpse he created is still around, and continues decomposing, infecting tge rest of GE.
unbelivable that someone would actually buy it. I guess for anatomical experiments. Or they dressed it up and sell the corpse as a live one.
Cry from GE Businesses - Can we please get to do our things, and not end up with poor service from Coretech!! We will earn GE more if we can run our operations independently and leaner. This scale up and centralization is just a fuss, could not deliver money back to business.