Apparently GE is now run by idiots

We’ve seen pictures of Thomas Edison joking around with Henry Ford. Alas those days are gone. We had the good fortune to spend a little time with Jack Welch and his wife a couple of decades ago; alas, Jack’s first appearance on CNBC after leaving GE as CEO was Monday September 10, 2001, and events took over after that.

Welch was succeeded by a GE CEO who was one year behind us in Ben Shapiro’s brilliant industrial marketing course at HBS. That guy apparently had a second private jet follow him around to various venues. Brilliant. He was fired, which seems right. But GE has not recovered, and its stock has fallen by 2/3 in the last couple of years.

Punchline. So recently we bought a new GE dishwasher. A dishwasher should have an On switch and an Off switch, but this monstrosity has so many dozens of complicated control switches that we can’t find a housekeeper to operate it. Errr, that’s wrong; ahem, we can’t figure out how to run it. We’re seriously not joking, since operating instructions that appear straightforward result in no dishwashing at all.

Now GE oh so fancily defines itself as a Digital Industrial Company. Edison would be so proud. Recommendation: don’t buy another GE product until it descends back to earth.

Bonus: oops, the appliance division is now owned by a Chinese company, but we checked and the dishwasher model is the same as it was in 2016, when GE sold the division, so we’ve got two dopey companies, not one.

2 Responses to “Apparently GE is now run by idiots”

  1. feeblemind Says:

    I thought GE had sold its appliance division?

    It’s official: GE Appliances belongs to Haier

    In the short term, people won’t see much of a change as a result of the acquisition, said Chip Blankenship, president and CEO of GE Appliances. The GE name will still appear on appliances, and customers will still receive the same support.

    https://www.cnet.com/news/its-official-ge-appliances-belongs-to-haier/

  2. feeblemind Says:

    LOL

    Well I suspect the Dinocrat’s larger point about GE being run by idiots still stands.

    In much of corporate America there seems to be a lot of screwy thinking at the top that looks to me to be incompetence, which brings me to this:

    On the Psychology of Military Incompetence

    https://www.amazon.com/Psychology-Military-Incompetence-Norman-Dixon/dp/0465097804

    While the focus here is on military incompetence, my belief is that this book applies to corporate incompetence as well.

    Sometimes it amazes me that we have come as far as we have, given the muddled thinking at the top.

    Our thinking isn’t perfect, but I guess it is ‘good enough’.

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