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Big Mute

by M.G. Siegler

 

How GE Went From American Icon to Astonishing Mess

www.bloomberg.com

Drake Bennett:

What’s additionally baffling about GE’s difficulties is that there’s no surrounding global financial crisis, no chorus of sober-minded people fearing for the future of capitalism itself. Rather, the company is flailing while the world’s major economies are all robustly growing. It’s the exact sort of moment when GE’s global scale should be an advantage. “It’s like their sails are all torn when they’ve got the perfect wind,” Heymann says.

A solid, succinct summary of what has gone wrong at GE. In short: everything (since the end of the Jack Welsh era). 

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