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GE seems like another firm / conglomerate that has lost its way - although we have heard about Jack Welch's management disaster, I do not know if they lost engi

GE seems like another firm / conglomerate that has lost its way - although we have heard about Jack Welch's management disaster, I do not know if they lost engineers the way it happened at Boeing. Last year, I bought GE Monogram kitchen appliances and was pleased that they work so well, until I found that it is a Chinese firm that has bought the use of GE's name along with their operations. Maybe that is why the appliances work well, and Chinese century is already on its way

tacocataco 2y ago
How will the average person be able to easily keep track of all these corporations merging. A free market requires the consumer to be fully informed and rational, I just don't see that being possible in this environment.
- defrost 2y ago
  It's possible, there just needs to be someone willing to put the work in and to present the data in a manner that makes it accessable, easy to parse, and profitable enough to cover at least time and costs. The work is building a database of filing locations and feeds (eg: public document feeds of each and every stock exchange, corporate filing register, etc) and builder parses to extract new names, boards of directors, name changes, major stock holdings, etc. It takes some doing (*) - but with LLM's and advances in open software it gets easier every day. ( * Myself and a small team did this for the global mineral sector some years (15+) ago )
- ninju 2y ago
  From 2016, only 10 companies control almost every large food and beverage brand in the world. https://www.businessinsider.com/10-companies-control-the-food-industry-2016-9 https://www.businessinsider.com/10-companies-control-the-foo...
pseingatl 2y ago
Think of all the money GE saved: no need for expensive employees or manufacturing costs in the appliances division. Just sit back and collect royalties on the use of the trademark. Thanks, McKinsey!
- jorvi 2y ago
  Honestly, Chinese manufacturing with Western quality control strapped on top is probably the best bang for buck a consumer can get.
  - WNFB 2y ago
    Like Volvo?
    - toomuchtodo 2y ago
      Chinese built Teslas are top notch fwiw. https://electrek.co/2020/08/03/tesla-made-in-china-cars-lead-market-quality/ https://electrek.co/2020/08/03/tesla-made-in-china-cars-lead... https://www.teslarati.com/elon-musk-tesla-best-quality-giga-shanghai/ https://www.teslarati.com/elon-musk-tesla-best-quality-giga-... https://teslamotorsclub.com/tmc/threads/big-difference-between-us-and-china-build-quality.290138/ https://teslamotorsclub.com/tmc/threads/big-difference-betwe... https://old.reddit.com/r/TeslaModelY/comments/14upjkq/my_tesla_model_y_will_be_made_in_shanghai_is_this/ https://old.reddit.com/r/TeslaModelY/comments/14upjkq/my_tes...
ninju 2y ago
GE Appliances is an American home appliance manufacturer based in Louisville, Kentucky. It has been majority owned by Chinese multinational home appliances company Haier since 2016. https://en.wikipedia.org/wiki/GE_Appliances https://en.wikipedia.org/wiki/GE_Appliances

tacocataco 2y ago

How will the average person be able to easily keep track of all these corporations merging. A free market requires the consumer to be fully informed and rational, I just don't see that being possible in this environment.

defrost 2y ago
It's possible, there just needs to be someone willing to put the work in and to present the data in a manner that makes it accessable, easy to parse, and profitable enough to cover at least time and costs. The work is building a database of filing locations and feeds (eg: public document feeds of each and every stock exchange, corporate filing register, etc) and builder parses to extract new names, boards of directors, name changes, major stock holdings, etc. It takes some doing (*) - but with LLM's and advances in open software it gets easier every day. ( * Myself and a small team did this for the global mineral sector some years (15+) ago )
ninju 2y ago
From 2016, only 10 companies control almost every large food and beverage brand in the world. https://www.businessinsider.com/10-companies-control-the-food-industry-2016-9 https://www.businessinsider.com/10-companies-control-the-foo...

pseingatl 2y ago

Think of all the money GE saved: no need for expensive employees or manufacturing costs in the appliances division. Just sit back and collect royalties on the use of the trademark. Thanks, McKinsey!

jorvi 2y ago
Honestly, Chinese manufacturing with Western quality control strapped on top is probably the best bang for buck a consumer can get.
- WNFB 2y ago
  Like Volvo?
  - toomuchtodo 2y ago
    Chinese built Teslas are top notch fwiw. https://electrek.co/2020/08/03/tesla-made-in-china-cars-lead-market-quality/ https://electrek.co/2020/08/03/tesla-made-in-china-cars-lead... https://www.teslarati.com/elon-musk-tesla-best-quality-giga-shanghai/ https://www.teslarati.com/elon-musk-tesla-best-quality-giga-... https://teslamotorsclub.com/tmc/threads/big-difference-between-us-and-china-build-quality.290138/ https://teslamotorsclub.com/tmc/threads/big-difference-betwe... https://old.reddit.com/r/TeslaModelY/comments/14upjkq/my_tesla_model_y_will_be_made_in_shanghai_is_this/ https://old.reddit.com/r/TeslaModelY/comments/14upjkq/my_tes...

ninju 2y ago

GE Appliances is an American home appliance manufacturer based in Louisville, Kentucky. It has been majority owned by Chinese multinational home appliances company Haier since 2016. https://en.wikipedia.org/wiki/GE_Appliances https://en.wikipedia.org/wiki/GE_Appliances