Working for a competitor of GE, we are facing globally similar challenges.
I can't speak to their more industrial divisions but they've really dropped the ball on quality in regards to their consumer divisions.
They used to have a policy to be no worse that #2 in the marketplace of whatever they were involved in. Somewhere that mindset left.
Another issue is here locally, they have zero employee loyalty. Constantly laying off, hiring, laying off, hiring.....
I sold my GE stock in 2010.
Jack Welch was a hard act to follow.
