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Out of all the business lines GE has sold off over the years (computers, appliances, financial services, lighthing, television, etc.), why trains?
by jonas21 6y ago
Out of all the business lines GE has sold off over the years (computers, appliances, financial services, lighthing, television, etc.), why trains?
- senko 6y agoGE was a slow-mo train wreck for years (pun intended). Recently read "Lights out", about their problems in the last ~20 years, fascinating read, heartily recommended.
- cultus 6y agoAnd yet Jack Welch somehow came to be looked upon as a management guru instead of someone who gutted the long-term viability of GE in favor of financialization.
- loganfrederick 6y agoLuckily I think history is doing its job in changing how Jack Welch's legacy will be remembered. I don't think students or upcoming businesspeople are really learning Welch's approach anymore.
- lotsofpulp 6y agoJack Welch has definitely fallen out of favor considering the results obviously illustrate his failures.
- mulmen 6y agoThey needed cash and it’s a profitable business so they sold it.
- deleted 6y ago[deleted]
- ahi 6y agoThe business lines you offered as examples are low margin commodities or stuff GE really sucked at. Trains seems like a reasonable high margin line of business for a company that is actually good at industrial engineering.