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Comment by redandblack

2 years ago

GE seems like another firm / conglomerate that has lost its way - although we have heard about Jack Welch's management disaster, I do not know if they lost engineers the way it happened at Boeing.

Last year, I bought GE Monogram kitchen appliances and was pleased that they work so well, until I found that it is a Chinese firm that has bought the use of GE's name along with their operations. Maybe that is why the appliances work well, and Chinese century is already on its way

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redandblack

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pseingatl  2 years ago

Think of all the money GE saved: no need for expensive employees or manufacturing costs in the appliances division. Just sit back and collect royalties on the use of the trademark.

Thanks, McKinsey!

tacocataco  2 years ago

How will the average person be able to easily keep track of all these corporations merging.

A free market requires the consumer to be fully informed and rational, I just don't see that being possible in this environment.

  • defrost  2 years ago

    It's possible, there just needs to be someone willing to put the work in and to present the data in a manner that makes it accessable, easy to parse, and profitable enough to cover at least time and costs.

    The work is building a database of filing locations and feeds (eg: public document feeds of each and every stock exchange, corporate filing register, etc) and builder parses to extract new names, boards of directors, name changes, major stock holdings, etc.

    It takes some doing (*) - but with LLM's and advances in open software it gets easier every day.

    ( * Myself and a small team did this for the global mineral sector some years (15+) ago )