Yesterday, General Electric's stock price fell to its lowest point in the past five years. The cause appeared to be new CEO John Flannery's announcement of slashed dividends and only a limited closure list of the company's far-flung business units. But that's not what struck me about the events of yesterday. Flannery also remarked that as part of his response to the challenge of turning … [Read more...]
General Electric, the Indianapolis Colts, and the Link Between
October 24, 2017 by
What's the connection between the Indianapolis Colts of the NFL and General Electric? Reset. That's the term used by John Flannery, the new CEO of General Electric. After recent reports of dismal earnings and forecasts for GE, Flannery announced that this year was a “reset” year. He acknowledged, openly and clearly, that the massive corporation had not only failed to meet expectations, it … [Read more...]
