Thread regarding General Electric Co. layoffs

Good article. The authors make it clear. GE was destroyed by: ego, greed, distaste for reality, and penchant for making mega-deals on a whim. The C-suite knew GE Capital sale would crush the cash flow but chose to skirt the issue (likely, for the sake of personal rewards). Wide spread managerial arrogance and incompetence have been correctly identified as byproducts of the failure at the very top. This toxic culture persists, and the company will not recover unless the culture has been fundamentally transformed. If he is in it for a long haul, Mr. Culp has his work cut out for him.

faire un pied de nez

I post to be able to state the truth... Actually I feel sad for the hourly people ... They produce the product yet get spoken to/about like dogs... Meanwhile the salary folks many of them not all ..are back biting arrogant fools with not as near as much education as they portray or spout off .... (Buds men system) The arrogant will be humbled and that's the reason I post why do you post? Must have really ruffled your feathers...LOL ... And let me ask ... When all the newer hires were put on a 401k and the pension is underfunded ..... Where is your pension going to come from? Who will be contributing? I don't care what the terms and conditions state..... Corporations are very good getting around that...most that left on their own have better jobs.... But you already know that.... Oh and when the markets crash folks lose their 401k's too.... Waking up to a rigged system is a hard pill .... Bitter? Nah.... Life's too short but do find it entertaining for the ...oh so educated there that they don't realize they've been stolen blind.... Remember spell check ..... Be sure to do that.....

@1mls you’re exactly the angry bitter undereducated type I was refering to. Why would you be posting here about a company you’ve left behind? Hmmm...let’s ponder that question a moment.

And by the way, an underfunded pension is better than no pension at all, which is exactly what you got at your “better” job, lol.

Hemingway! You are awesome ...1kho

il faut d'abord durer

Ironically those posting have several STEM degrees...ignorant? No... Realist? Yes..

I no longer work with the GE arrogance..back biting and lies...thank God... Negative? No...Blessed to find a much better place... Yes... It was great to spin the meatball while stock was $32 a share.... Enjoy your underfunded pensions while your supposed leader walked with $211M ...

It's the GE way though ..call others ignorant while you go broke...be sure to spell check..I've found that's what their leaders are great at doing...LOL

Perception of the world is irrelevant. Arrogant, yes...brats, some are...surpassed, uh no not quite. The US still leads the world in productivity, and “Quality” is still synonymous with the US, western Europe and Japan.

There are some bitter, angry people on this board evidently. No doubt they feel “left behind” due to their lack of education. Never too late to retrain or get that STEM degree.

Perception is everything.

The world's perception of this generation of American workers is that of a supremely arrogant and entitled brats living off the hard work of their forebears, unwilling to come to terms with the fact that the rest of the world has surpassed them while willing to work at lower pay scales.

Wow, some ignorant commentary here. The US has the largest middle class of any nation on earth, by far. Taxes are relatively low, cost of living is low, jobs are plentiful, regulations reduced in recent years. Some people will b--ch under any circumstance.

Globalists ....pilfering the world ONE nation at a time ....let us just say the truth... American manufacturing didn't become too expensive...the love of money became exceedingly great...The poor have not been lifted up but instead the middle class stolen blind...with CEOS that do not produce a thing or contribute anything... GE's pension fund was 45 billion in the black before melt down and clowns ...now it's 30 billion in the red underfunded along with health insurance policies in the billions...evil at its best... I for one get sick of little white collar CEO Dreamers talking about how much manufacturing costs when they do nothing but chase spell checks on power point presentations... (And call those out with errors) America produced the best because we were the best until globalists decided they could sell off America manufacturing for cheap labor and become billionaires ...or underfund pensions and walk away with 33 million a year for 17 years plus another 211 million in retirement ... We don't have a manufacturing problem we have a greed epidemic ...And yes by definition America is somewhere between a fascist anarchy while our Republuc has died Being sold to the lowest bidder...America INC......before this is over ALL will be just above poverty (sustainability) while only a few overlords rule you..... What a beautiful ONE world it will be...

Reader comments to the article are very interesting. Plus:

Former Employees Reflect on Their Time at GE - https://graphics.wsj.com/glider/geportraits-78204e2d-97eb-4e47-baf3-7e19acc91a7a?mod=article_inline

How Money Flowed (and Ebbed) at GE - https://www.wsj.com/graphics/how-money-flowed-and-ebbed-at-ge/?mod=article_inline

There is no middle class in China. Only super-rich or poor.

There US is a second tier market now. As an exporter it's behind China and Germany. As a trading partner it's significantly smaller than China or the EU. A large part of its trade is agriculture and chemicals used for agriculture. Its overpriced labor has priced its manufacturing out of everything but the most expensive goods where labor costs are minimal, and even then it is largely confined to the advantages of selling to locals due to logistical supply chain costs. Like Amazon vs. Sears, American manufacturing by human labor is doomed to extinction, and an onerous regulatory regime may kill even that over time. Europe killed its tech sector through taxes and regulations. The USA's Democratic Party seems determined to follow the same dogged path.

37k puts you in the top 1% of wage earners. $8k gets you in the top 25%. The middle class is in India and China. If you can sell $1 trinkets to half the people in those countries, you're a billionaire.

mo--n on here.... Naturally the jobs moved over seas for poverty wages ... And they send us back cheap sh$t marked up making huge profits! ... While your CEO's pilfer and steal your retirements.... The middle class didn't get lazy they got raped....

90% of European factories were taken out during WWII and they were all deep in debt, while Asia hadn't industrialized. They caught up. Americans got complacent and later generations had a sense of entitlement with minimum wages instead of trying to play on a level field, so naturally all the jobs and middle class moved overseas