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.
It ain't the job they do, it's the salary, perks, and bonuses they drag down. Fook the employees and customers. We won't buy GE products anymore and haven't in over a decade.
The public consumer products mostly come from China same as other big producers.
Back in the 90s GE ran a ‘what if scenario ‘ of what it would mean to their bottom line selling only one light bulb to every Chinese household.
That number was boggling. They went on to exponentiate what a dormitory sized refrigerator would mean.
If you’re gonna dream, dream big. And that’s all it amounted to.
