I believed in this leadership for a while, but as time goes on ti’s becoming more and more obvious that there is no revival strategy in play and that there is only chopping up parts of the company to free some cash flow and keep us afloat, but in reality the company is just shrinking.
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Im sorry we hurt your feelings. We'll lighten up. Just for you cupcake.
I am guessing here, but it looks like upper management got together with accounting and figured out a number (in the billions) which would balance the books to stop the bleeding. The number was established so a strategy was set. Strategy: sell what can be sold ASAP! Keep the cores and hope Power can be salvaged down the road. Aviation can't carry everybody even though it might be the only division left in ten years.
Lighten up, Francis. https://www.youtube.com/watch?v=syV2LkGpQB0
Actually, it was John Flannery who said "We are going pare down the business to Aviation, Power and Medical."
You do remember Flannery, don't you? Just in case, he was the clown that was shown the door just before Culp replaced him. Biggest difference between the two is that Culp swore up and down to Wall Street that he was double serious about it this time.
If continuing the plan that your failed predecessor announced is your definition of clear leadership, then we should discuss my manufacturing plant in upstate New York that I'd like to sell you.
Oh we are all 100% sure that you believed in this leadership.
So what was the giveaway? Was it when Culp said "We are going pare down the business to Aviation, Power and Medical?" Was it then you started to suspect that he was going to pare down the business to Aviation, Power and Medical? I know I did. And since then I've noticed he's been paring down the business to Aviation, Power and Medical. See it's when a leader lays out a clear plan for very firm reasons and then intelligently executes it that I too lose my faith.
So I'm with you. It was much better in the olden days when GE leaders had no clear plan, failed their predictions, would make up new buzzwords and then try to convince Wall street that they were double serious about it this time. If you remember, that's when GE was a digital company.
beware of what you believe. all one needs to do is look back at Welch (the manipulator), IMelt (the destroyer and Flannery (the clown) to know that (GE) leadership should never be trusted. they, and Cull, will and have reaped millions while many shareholders and employees get screwed