The stock price would be about $40 or so, then split. This happened four times while I was employed there. Then came Obama butt kisser Immelt who wiped about half of that wealth away for good.
“Jack Welcch is a 24x7x365 d*ck. Not only did he poison the culture at GE he was the pioneer of outsourcing “
Jack Welch kept GE from becoming Eastman Kodak and made it into a great US company again.
Welch transformed GE from a business that invented real products; transformers, electric steak knives, Lexan; to a government-connected savings & loan operation. The lending devision swamped and destroyed avery other aspect of the company because they had virtually zero overhead; no research costs, no development costs. Things looked wonderful on paper right up until the financial crisis meltdown. GE now is nothing more than a component in the government big business nexus.
Kodak and GE are/were completely different — GE had its fingers in everything, Kodak was highly specialized. Some dolt near the top insisted that they stop relying on Macs for their photo station innards and then got the rug pulled out in a MS beta.
The stock price would be about $40 or so, then split. This happened four times while I was employed there. Then came Obama butt kisser Immelt who wiped about half of that wealth away for good.