As if anyone cares or believes that Beth knows anything. Amazing that people bought her book and that she is still invited to talk shows.
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Unbelievable that anyone would listen to Beth Comstock about anything... can anyone on here point to a single thing that she did that added any value while at GE? Similarly to Jeff Immelt - why would anyone ever hire him to be their CEO, what’s up with that?
Lets see what happens and all you people on here shut the f--- up.. Tooo many of you Indians running around here in a mass frenzy.. Focus on how you can do a better job and not these stupid posts..
Culp has one of the most lucrative contracts ever conceived based on stock performance. If the company’s stock rises 50 percent, Culp gets 2.5 million GE shares at about $18.60 a share – or about $47 million. If the company’s stock rises 150 percent, Culp gets 7.5 million shares at $31 a share – or about $233 million. Added to his annual pay and awards, Culp could bring in as much as $317 million.
So in other words, the stock holders who lost big last year will break even at best. Culp makes out like a bandit. He wins.
Comstock is clueless, patience was one of the many problems with the old regime, nobody had a sense of urgency. The C-suite was to comfy drawing their huge salaries and looking the other way. Culp needs to continue draining the swamp.
So he wants to take away the Superman capes that middle management wears at the end of each quarter and end the finger pointing, halo polishing GE culture.
That's like 5,000 people he has to change.
Well Culp apparently figured out what a stab in the back she was giving him. He responded with this,
"What we're really trying to do is move away ... from flashing a page of 30 metrics and leaving ... the impression that we are actively managing 30 discrete initiatives," he said. "This is ultimately all about culture."
At the start of the meeting he ticked off problems that struck him when he became CEO: GE had high ambition but lacked focus, and it had lost sight of its customers' demands for quality.
When Culp asked employees about quality, a top customer concern, he said, "I got a lesson on the cost of quality."
When he asked leaders of the healthcare business about meeting its delivery schedule, "they teach me about SCOT - Supply Chain On Time," he said. "The customer doesn't care if the supply chain's on time. They care about GE being on time."
Culp said GE is rooting out "intramural skirmishes" between equipment and services units that hampered profit. It is trying to manage billings and cash daily to avoid "quarter-end and year-end sprints," he said.
While he cited progress, Culp stressed the difficulties GE faces.
"I don't want anyone to walk out of here thinking this is something that is easily fixed," Culp said. "There's a lot to do here."
So let's see who wins, GE's culture or Culp.
Why on earth is she still speaking in public? Why is she not wearing the new pink with an outside view of metal bars in her way? Why are we Americans even remotely tolerating this?
Comesock is still being passed around at CNBC?
She is part of the problem and like immelt not part of the solution. Overpaid, out of her depth purveyor of buzzwords and mashable words.
Beth says, "who knows this if it's going to happen in that time?"
Well someone knows,
General Electric Co Chief Executive Officer Larry Culp affirmed the ailing conglomerate's weak forecasts for 2019 and beyond on Wednesday, a potential sign of stability after his predecessors repeatedly missed financial goals.
GE expects to lose as much as $2 billion in free cash flow this year, but sees the outflow ending in 2020 and an "acceleration" of cash flow improvement in 2021
Culp knows. She doesn't. That's why he's now in charge.
I think it's interesting that she talks about Culp as a technocrat but when she talks about GE she talks about people.
Blue Horseshoe loves Anacott Steel. Put all your clients in it.
Well apparently her phone is burning up with middle managers and HR people begging her to go on TV. They want investors to be patient and realize that GE is a complex and complicated business. They are begging for mercy.
Fat Chance.
Culp didn't put her up to this. The last thing he wants investors to think is that GE it's too complicated and too complex and has an unknown turnaround time.
So who runs GE? Culp or its middle managers and HR?
She's living proof you can be completely clueless in life and still succeed....Sad.
and now she looks like a worn h-g. I Melt must have really worn her out
She is just another laid off employee needing work.
Lol