zlacker

I think GE is a tragic story in that they painfully and successfully navigated the transition from legacy giant manufacturer to the global economy, but overdid it.

Growing up in an area with a big presence (one of their division HQ), I did alot of early career business with them. They were shady everything was purchased with weird leasing agreements with themselves, etc.

The business strategy was good, but the demands to return growth powered by financial engineering ultimately killed the company.