GE is now essentially comprised of 3 Tier-1 businesses - GE Power, GE Renewable Energy, and GE Aviation.
We all know how GE Power is the supposed problem child. I submit to you, dear reader, that GE Renewable Energy is right behind. I can't say for GE Aviation. However, given GE management's epic ability to f$%&-up, I suspect GE Aviation is just as screwed.
I hope I'm wrong but I believe GE Renewable Energy is in for a rude awakening. These guys have been on a drunken, out-of-control hiring binge for the past few years. They have developed quite an impressive bureaucracy.
GERE senior management breakdown: 5 CEOs, 16 Vice Presidents, 3 CFOs, 1 CCO, 1 CTO, 1 CDO, 20 Senior Executives, 64 Executives, (and 1 Chauffeur!)
That doesn't include 100s of senior managers, managers, project manager, team leaders, chief engineers and other controlled title holders.
The reaction to GERE missing their numbers in 2018Q2 and then again in Q3 was telling. The very top GERE dude appeared to be astonished! Both times we were told to execute better. Flawless execution. What a joke! I've never seen flawless execution within the walls of GE.
GERE is asleep at the wheel just like GE Power. All the excuses from GE Power management will be dredged up again come late January when 2018 earnings come out. What a pitiful bunch these GE management types. No amount of 6sigma or buzzword bingo or s-xy powerpoints or smooth talking bullsh%t will help them.
Seriously with all that management in place, how is it possible to NOT notice economic and industry trends.
And keep your eyes on Aviation. No telling what corruption has yet to be uncovered there.