Wednesday, November 10, 2021

General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization | naked capitalism — Yves Smith

 End of an era.

In other words, the lameness of Immelt is the direct result of Welch’s show pony “leadership”. Management succession is one of the most important duties of a CEO and Welch blew that too....
https://www.nakedcapitalism.com/2021/11/general-electric-breaks-up-symbolizing-decline-of-american-manufacturing-and-the-high-price-of-financialization.html

1 comment:

Matt Franko said...

GE was a well known pioneer in “outsourcing “….