CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: gulleyjimson who wrote (17020)	10/16/2012 8:48:11 PM
From: John Carragher	2 Recommendations of 17683

how about the stock increased 4000 %. he took an industrial company that was dying and brought it to life. neutron jack,, cut thousands of jobs, if a division wasn't number one in the market place it was on the block. same with production .. zero defects was another motto. also get rid of the bottom 10% of performance. Many industries turn around on jack's guide lines and follow a bell curve during annual performance reviews. up until then companies normally never got rid of dead wood. He brought a new life to corporations in bringing more competition with top management. I believe several of his direct reports were hired away for ceo positions in other companies. did you know his mother washed floors in the salem city hall to provide for him? Of course no liked the guy. He was cutter of expenses and over head. if you were a stockholder in ge during his time you are a happy camper.

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