Thread regarding General Electric Co. layoffs

From meritocracy to kleptocracy

GE used to have the best management, technology, manufacturing, and service that were generally respected by all.

That was because GE used to be a meritocracy, not a BS or kleptocracy where managers are not experts, have little product knowledge and are only looking to claim fake changes and cost savings to get promoted. They generally only stay in a position for two years. We used to have the best of the best lead us.

Now GE management is some of the worst imaginable, with bad decision after bad that has destroyed the capabilities of the company and cash flow. Look at the metrics

GE is the worst of the Dow and now has a bad reputation with customers, employees, stock analysts, and share holders. The story needs to be told. Someone needs to also contact Harvard Business review so they can study what is wrong, and shame GE into fixing it if possible.

Yes, the story needs t be told.

Posted by @Qx61fks-1zhq. Perfectly put.

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| 2611 views | | 3 replies (last December 7, 2017) | Reply
Post ID: @OP+QCNWxtq

3 replies (most recent on top)

Re: Harvard Business Review?

Recall that HBR nominated Dennis Kosloski of Tyco as CEO of the year about 6 months before that kleptocracy unraveled.

Better to recognize that HBR is part of the star-making machine promoting the type of clever financial manipulations and managerial class worship that have driven us into this morass.

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Post ID: @xrm+QCNWxtq

You were fed a whole line of bull if you believed the propaganda that they had the best management, technology, manufacturing etc. Who said they did? There are a lot of exceedingly good companies out there who can more than hold their own.

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Post ID: @jot+QCNWxtq

HBR is imelt buddy don't expect much from them.

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Post ID: @ppv+QCNWxtq

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