7 ms·

>GE is also in the process of splitting into three publicly traded companies, focused on health care, aerospace and energy. First I have heard of this!

AtlasBarfed 4y ago
Wasn't GE long ago taken over by MBA sociopaths that cooked books with financial shenanigans, and deemphasized all the actual productivity and technology? IIRC then the house of cards collapsed right after Jack Welch and his management cult of personality retired? Likely this is a "last gasp" financial bloodsuck to sell off what remains of the legitimate parts of the company.
- JumpCrisscross 4y ago
  > by MBA sociopaths The former VC / MBA who succeeded Jack Welch [1] is the one who discovered the cooked books and financial shenanigans. Welch was educated as a chemical engineer [2]. [1] https://en.wikipedia.org/wiki/Jeff_Immelt https://en.wikipedia.org/wiki/Jeff_Immelt [2] https://en.wikipedia.org/wiki/Jack_Welch#Early_life_and_education https://en.wikipedia.org/wiki/Jack_Welch#Early_life_and_educ...
  - lostlogin 4y ago
    Two wrongs make it right?
  - jjoonathan 4y ago
    Yes. The problem is not MBAs, the problem is management incentives and shareholder incentives.
    - deleted 4y ago
      [deleted]
    - AtlasBarfed 4y ago
      Because MBAs are morally and ethically rudderless sociopaths that only align to personal financial incentives and don't have any real integrity? Unless you're trying to say that there were NO MBAs under Jack Welch's management team and organization? MBAs are absolutely the problem.
      - sct202 4y ago
        MBA programs just cargo cult whatever is appears to be working. They're like trend followers who just amplify whatever is already happening not trend setters.
        cebert 4y ago
        There’s a lot of negativity here about MBAs. Perhaps some of this is merited, but I think MBA programs can be beneficial and aren’t as “cargo cult” as some commenters have suggested. I am a principal software engineer working on cloud projects, but decided to get a MBA in 2017. I learned a lot of valuable skills such as accounting, finance, negotiations, and HR that I had little to no exposure to in my undergraduate Computer Science program. Knowing how to read SEC filings and how to sell projects and ideas to executives has only helped me in my career. The MBA program I was in helped me get exposure to many business fundamentals. There’s a lot of negativity, but if you look at many MBA programs, most of them focus on the fundamentals.
- ABeeSea 4y ago
  The current CEO is doing a pretty good job, in my opinion. Has been very focused on fixing the debt situation and improving costs through process and manufacturing improvements rather than accounting non-sense. Comes off as very much a “manufacturing operations / kaizen” guy.
7speter 4y ago
Theyve also either sold off divisions or license their names to other companies. GE doesnt make appliances anymore, Haier makes the product and slaps a GE logo on it.

AtlasBarfed 4y ago

Wasn't GE long ago taken over by MBA sociopaths that cooked books with financial shenanigans, and deemphasized all the actual productivity and technology? IIRC then the house of cards collapsed right after Jack Welch and his management cult of personality retired? Likely this is a "last gasp" financial bloodsuck to sell off what remains of the legitimate parts of the company.

JumpCrisscross 4y ago
> by MBA sociopaths The former VC / MBA who succeeded Jack Welch [1] is the one who discovered the cooked books and financial shenanigans. Welch was educated as a chemical engineer [2]. [1] https://en.wikipedia.org/wiki/Jeff_Immelt https://en.wikipedia.org/wiki/Jeff_Immelt [2] https://en.wikipedia.org/wiki/Jack_Welch#Early_life_and_education https://en.wikipedia.org/wiki/Jack_Welch#Early_life_and_educ...
- lostlogin 4y ago
  Two wrongs make it right?
- jjoonathan 4y ago
  Yes. The problem is not MBAs, the problem is management incentives and shareholder incentives.
  - deleted 4y ago
    [deleted]
  - AtlasBarfed 4y ago
    Because MBAs are morally and ethically rudderless sociopaths that only align to personal financial incentives and don't have any real integrity? Unless you're trying to say that there were NO MBAs under Jack Welch's management team and organization? MBAs are absolutely the problem.
    - sct202 4y ago
      MBA programs just cargo cult whatever is appears to be working. They're like trend followers who just amplify whatever is already happening not trend setters.
      - cebert 4y ago
        There’s a lot of negativity here about MBAs. Perhaps some of this is merited, but I think MBA programs can be beneficial and aren’t as “cargo cult” as some commenters have suggested. I am a principal software engineer working on cloud projects, but decided to get a MBA in 2017. I learned a lot of valuable skills such as accounting, finance, negotiations, and HR that I had little to no exposure to in my undergraduate Computer Science program. Knowing how to read SEC filings and how to sell projects and ideas to executives has only helped me in my career. The MBA program I was in helped me get exposure to many business fundamentals. There’s a lot of negativity, but if you look at many MBA programs, most of them focus on the fundamentals.
ABeeSea 4y ago
The current CEO is doing a pretty good job, in my opinion. Has been very focused on fixing the debt situation and improving costs through process and manufacturing improvements rather than accounting non-sense. Comes off as very much a “manufacturing operations / kaizen” guy.

7speter 4y ago

Theyve also either sold off divisions or license their names to other companies. GE doesnt make appliances anymore, Haier makes the product and slaps a GE logo on it.