2 ms·

Full disclosure: I work for GE. And in my opinion we are doing some amazing things right now. I don’t think GE is dead at all.

• itishappy 1y ago
  Agreed, but today's GE is quite different from it's former self. The article touches on this: > But complexity has a cost when multiple things collapse at once. The power business cratered in 2017 and the insurance liabilities exploded and oil prices collapsed. CEO John Flannery launched "Project Eisenhower," a secret plan to break up the company. His successor, Larry Culp, made it official: After 126 years, the conglomerate would split into three. > The final irony? The same GE labs that created the first US jet engine, the MRI, and LED lighting still exist. In 2024, they're developing hydrogen-powered aircraft engines and 3D-printing technology that would have amazed Edison. But the conglomerate that funded them is gone.
  • Gud 1y ago
    This is all from almost a decade ago. GE Vernova is doing fantastic. Splitting the conglomerate was probably a wise move.
    • marbro 1y ago
      [dead]