Any news on why he is there so early in his tenure? Interviewing VA? Or telling him the place needs to be shut down?
24 replies (most recent on top)
@peg You really have no clue, do you? GRC Munich has done the heavy lifting for the GE's next gen wind turbine aero and noise design. The people on this board, geez.
I think he needs to try the oatmeal at Greenville... it the best
He's going to GEA next week...seems to be going from worst to best business as he hit GEP first. what a disaster
I heard he heading to amw next... that place is the replacement to grc
Oh. I see you don't know the GE experience with solar cells. So anyway, while you're telling yourself happy stories about higher and higher efficiencies, people looked at the cost of the cells and figured out that the tech would never be competitive, $/kw. GRC failed to offer cheaper alternatives so GE decided to get rid of it. All sides made big, company changing mistakes, especially GRC as it provided the technical input to the discussion. The business made a mistake in relying soley on GRC. If the business was smart, and it's not, it would have hired someone else instead of walking away.
YEAH!!! We're all SAFE here in Schenectady because we have held close tolerances!!! Can't be done anywhere else right?? Congratulations! Now that talent is worth as much as dog sh--! What is it getting any of us now? Technology is quickly replacing it all and only requires a pretty green button to be pressed. For your sake, I hope you're old. If not, you won't age fast enough before the end.
Whoever made the comment about a one armed monkey doing all the work in Schenectady knows very little about Sch'dy
I have worked on many high rate, precision, close tolerance jobs in Schenectady.
We have held tolerances down to a few tenths of a thousand of an inch.
GRC does the research and the business decides what to do with it. Case in point: https://www.greentechmedia.com/articles/read/ge-research-beats-first-solars-cdte-pv-efficiency-record#gs.lk3qoR0
GRC had "tap tap tap"ed CdTe solar close to its limit, no one was even close. The business decided to sell everything to First Solar(including PrimeStar). The smart people jumped ship, the rest got cut in the layoffs in '17. Plenty of other examples where continuing research MIGHT have led to something big but the funding was cut. That's research. Some things work out, others don't.
@irw and @zyb - GRC budget and rough breakdown of sources are not secret - often shown to external visitors. Forbes says budget was $286M in 2000. Will be ~$525M in 2019, maybe a bit less. That's ~1.8X from a lower base (2000, not 2001). Budget WAS higher, but way down after layoffs and site closings. Government funding is significantly higher and climbing, reducing cost to GE.
https://www.forbes.com/2004/03/16/0316gepinnacor_ii.html
Coming up with patents that make it into the product is nothing. That's easy. Coming up with them faster than the competition? That's impactful. Hello?
GRC is all that ge has left. It may be a mess, but won't get shut down.
@peg it's clear you have no idea what actually takes place at GRC. Your comment Wind Turbines tap tap tap where are you? Get real. There were many impactful programs at GRC over the last 10+ years in Munuch, Niskayuna and Bangalore involving improved blade aerodynamics, model based controls, lower cost towers, and low noise airfoils just to name a few. Real easy to bash GRC (and other GE units) when you don't know anything.
Give it a rest..
Several thousands of headcount needs to get reduced from GE power. Corporate spend needs to drop >90%. Nobody knows where the cuts will be. Not even new CEO. When they figure it out he will be on cnbc pumping up stock since wall St loves cuts.
Wall street likes GRC. That's it's only value right now. GRC has missed every renewable energy innovation of the last decade. Solar cells? WInd Turbines? Tap tap tap. Hello? GRC? Where are you?
GE's stock is priced higher with GRC than without. Culp is no fool. GRC stays. What GRC becomes though is anybody's guess. I doubt it will remain a cash hole like it is today.
It takes time, capital and skill to turnaround GE. However, LC probably only has the first 100 days to protect his personal goodwill.
It all depends on who you are. The Grc budget has at many times been made know openly in s2 discussions. A Wiley vet could easily dig it up from 2001.
So they don’t publish grc costs , curious how you have 2001 & 2019 costs,,,let’s reconcile your “facts”
Without a doubt Schenectady will stay open but what it doesn't need to stay open, is a bunch of over priced employees standing around collecting more than they produce. A decently trained one arm monkey can do most of the work at Schenectady. Greenville will probably get the gravy where as Schenectady will just get the sc-aps and slowly get by with the bare minimum. GE keeps losing time and time again with Schenectady in the long run and chances are, they finally believe it now.
GE 2019 = half the revenues and one third profits of GE 2001
GRC 2019 = 3x costs of GRC 2001
How's that sustainable ?
Even JRI can figure this one out
Larry will fund R&D, the question is where will he get the $$. GRC is impressive to an outsider. The first question he will ask is how much this place funded from outside GE ? This needs to be path forward “more outside investment besides GE remaining divisions. “ As for Power, 273 should have been stop for him. I can’t imagine there is a lot going on there these days. Not that there can’t be there just needs to be decision to put work there and automate the factory. Greenville is an impressive place to visit and even on slow day there the place blows the doors off of Schenectady because it is automated. It truly production facility where Schenectady has turned into service shop. Culp will figure it out..let’s hope he makes the right decisions. Both Schenectady and Greenville ARE facilities that should stay open. As for Europe operations , not so sure.
Culp is an R&D guy. With him onboard and gains in external funding, we're going to be busier than ever.
@kuq -- That's total BS. Based on what he said while at GRC today, there's no way Culp is planning to shut it down. Stay tuned.
He was also seen in B66 and B40. Not sure what he was doing in either place but the only leaders still in sch are the hr vp, gps cfo, and the legal head for ps and gps.
shutting it down by end of year