38Chevy454
Thinks s/he gets paid by the post
I was never a fan of Welch. Back in 2000, he was regarded as a hero and model CEO. He got GE into financial business instead of staying an industrial company, and that sowed the seeds of destruction.
Back in 1999, Welch said “my success will be determined by how well my successor grows it in the next 20 years.” The verdict is now in.
Agree, and I was an employee of GE back 1990-95. Welch was not really a good CEO for the employee's perspective IMHO. Yes, stock price did well under him. But employee morale and attitude was in the dump. I was happy to get out of there. GE got out of their core business and into the financial stuff, the core business did not get the investment needed for long term success. I am not surprised at the results, although Immelt did not help slow that slide any.
GE stock currently right at $14.98 as I type this reply.