Interesting Article On The Sale of GE Appliances . . .

[hydralique]

I found an interesting article in the Asia Times about the sale of GE Appliances and how the company under Jack Welch let the appliance division wither away for lack of good management. Certainly the observations are sad but ring true to me, especially a comment about the downfall of manufacturing in the US: "Yet impartial analysts of the putrefying corpse of US manufacturing capability are forced into an inescapable question: did it die of natural causes or was it murdered?"

Here's the address - I'd recommend cutting and pasting it into your browser (a hyperlink would be nice but it doesn't seem to work): http://www.atimes.com/atimes/Global_Economy/JF18Dj01.html

 

[tuthill]

Thanks for the lead

Very interesting article.

 

[danemodsandy]

Actually....

....It looks as if G.E. could snatch defeat from the jaws of victory....

Oil Price Fallout: Jobs Coming Home?

Businesses turning to local manufacturers to cut down costs of shipping.

www.abcnews.go.com

 

[gyrafoam]

Yes, and Jack Welch and his overinflated ego made sure to make his mark in the corporate up-and-coming by writing his biography.

He also cast-off another of GE's loosers to take-over Home Depot in 2000 (Nardelli). It didn't take him very long to gut the company (just like Welch did at GE) of all of its founding workforce and replace it with a lot of incompetents. Just wrecked HD's public relations.
They recently got rid of him,and are trying to begin repairing, but they can never replace all the wonderful people who cared enough to build the company into what it once was.

Corporate America. What a mess!
What didn't commit suicide was murdered.

 

[hydralique]

Thanks for the hyperlink, danemod! How did you do that?

 

[conate]

all I can say...

...is that if high fuel prices are bringing industrial capacity back to the United States, I'll live with them as long as is necessary.

Nate