35 Burst results for "General Electric"
Breaking Through as a Challenger Brand in a Dominating Industry with Michael Landa
"Michael say what's up to fire nation and share something interesting about yourself that most people don't know probably feared asked people my office they would not know was trying to think earlier is one thing that they definitely would not know about me and that is that up until about I'd say probably a couple of years ago I could still do a standing backflip in my office. So Yeah. I kinda grew up as a competitive gymnast when I was in high school and then I was non-american swimmer. So I mean swimming was really my main sport. But I competed a lot on the floor exercises in gymnastics as well, which is something people most people don't know about me. I've just always had this feeling that if I ever tried a standing backflip immediately tear my MC l. that's just a thought that I I don't know why I had that thought that's why I said for years ago try. Not Going to happen. So fire nation as I shared the talking all about teaching an old dog new tricks and my guest today has launched a company called New Loewe, which is a combination of the words nutrition and love. So that Super Cool New Loewe and why Michael I mean, you went to business school why did you decide to start a pet food company before the PETRIE company? Kind of the Genesis of the Food Company was a company I started? Before new I, I'd spent the early part of my corporate career working for big companies. I used to work for is your oxen in General Electric, and then most recently with universal studios in. Two thousand one that I was in L. A. and I was taking a quick break and. I found I. Don't know how many of you have been through the experience of trying to find a pet sitter for your pet. I went through an experience, sperry the detail, but basically led me to leave universal and start what became the nation's largest at home pet sitting dog-walking training business. Is based in Los Angeles and we. I spent about a decade running that company and was it was in and of itself was a really cool business about one, hundred, eighty five. Pet Sitters dog walkers doing roughly eleven thousand a month all over Greater La, and you know the significance of that was I was you know we're on the front lines of feeding a large population of dogs and cats whether parents were traveling and over the course of the decade I really started to see a huge demand for pet sitters who could administer at home insulin shots, and this is for diabetic dogs and cats, and we eventually it started to stress the business where I couldn't hire that tax and and trained my sitters to give shots fast enough and you know one thing I was trained academically as a biomedical engineer. So I I can be annoying and in my ability to kind of. Dig for root causes and that's exactly what I did in this case is you know I started asking myself like what what's happening why are so many pets getting sick why are so many dogs and cats getting diabetes and? I went out and talking to vet schools and scientists around the country and you know what I learned wasn't I'm GonNa say it wasn't really rocket science but it was you know essentially that are pets are living in in their own version of fast food nation we have you know we we have a country where four. A large large conglomerates control over eighty percent of the pet food sales in the United States and you know these are the very companies that make candy, chocolate, Jelly and cereal right. These are these are the four that control eighty percent of our pet food distribution the US. So you know. Really. The majorities are really low in meet their high in carbohydrates, these high glycemic ingredients. They're marketed very well but unfortunately, dogs and cats can't use the food for themselves otherwise, they choose products that are high in meat. That's one of the reasons you know I. Before I even gave it much thought I was leading Los Angeles moving to Austin Texas and I started new Loewe with the objective of creating a food platform. That's more species Pacific for dogs and cats at high in meet low in carbs and look like
Computer pioneer Arnold Spielberg, Steven's dad, dies at 103
"Dad has died. But quality quality progeny progeny is is not not Arnold Arnold Spielberg's Spielberg's only only claim claim to to fame. fame. He He was was a a pioneer pioneer in in the the field field of of computer computer engineering. engineering. In In his his work work on on the the General General Electric Electric mainframe mainframe made our personal computers possible. Spielberg help his son make his first full length film to firelight when Steven was just 16. Arnold Spielberg was 103 years old.
Computer pioneer Arnold Spielberg, Steven's dad, dies at 103
"Dad has died. But quality quality progeny progeny is is not not Arnold Arnold Spielberg's Spielberg's only only claim claim to to fame. fame. He He was was a a pioneer pioneer in in the the field field of of computer computer engineering. engineering. In In his his work work on on the the General General Electric Electric mainframe mainframe made our personal computers possible. Spielberg help his son make his first full length film to firelight when Steven was just 16. Arnold Spielberg was 103 years old.
"Welcome to kiss myths and Mystery Syam, your host Kit crump today, the Bohemian Grove and a little bit about secret societies. Perhaps, you belong to a club some time in your life maybe the girl Scouts or cub scouts I was a cub scout many clubs have rules and regulations that go no further than the halls were the members gather like the elks however organizations like the PTA Parent Teacher Association can affect schools, school districts therefore students the reach and impact of. These organizations are limited and generally they're intent is not secret records of meetings of the scouts, elks in the PTA and many other clubs are available to the public. But there are many secret societies out there Yale's skull and bones founded in eighteen thirty two and has had both bushes Teddy Roosevelt and his cousin Franklin as members but a complete list of members is difficult to acquire and the intent of the club impossible to know Dan there is the barbarian aluminum. An lighten era secret society founded may first seventeen seventy, six. The BILDERBERG group is so secret that is considered by many to be a shadow world most secret societies, clubs and organizations so far flung with headquarters in different cities around the world. But the Bohemian Grove is located on two thousand, seven hundred privately owned acres located in Monte Rio California and established eighteen seventy two security at the grove is year round ex-military hired to keep out the curious high end equipment including thermal night vision cameras, and motion detectors are used. As. Part of the sophisticated detection and alarm system, they have ceremonies with strange names like the yearly cremation of care ceremony. It was revealed by a California judge during a discrimination suit brought against that grow by the California Department of Fair Employment and housing over the club's refusal to hire women when the judge that issued decision in favor of the club's practice of not hiring women stated the club members urinated in the open and that hiring women would alter the members behavior odd ceremonies and members strange conduct aside members like those. Of Yale are rich and powerful pictures of President Reagan and Nixon indicate they were members. Also, the Grove is particularly famous for a Manhattan Project Planning Meeting this took place there in September of Nineteen, forty two, which subsequently led to the atomic bomb those attending this meeting include Ernest, Lawrence j Robert, Altman Heimer, the s one executive committee heads such as presidents of Harvard Yale and Princeton along with representatives of standard, oil general, electric as well as various military officials. All members at the time oppenheimer was not an s one member. Although Lawrence, an open heimer hosted the meetings grow members take particular pride in this of and often relate the story to new attendees. However, other behavior at this famous campground has led to numerous claims and even some parody in popular culture. One such documented example was former president Richard Nixon's comments on May Thirteenth Nineteen seventy-one recording the Bohemian Grove which I attended from time to time. It is the most Fag God damn thing you could ever imagine now that's a quote from Richard, Nixon was recorded may thirteen nine, hundred, seventy one. Author, Brad Meltzer hosted a program for the history channel. It was called history coded. He hosted a team of three and during one episode sent to to infiltrate the Hebron. Grove. With the disastrous result, they were all arrested.
Guest Teacher Alain Hunkins How to Increase Your Impact and Influence by Building Your Credibility
"Today's guest teacher. Huggins is the author of cracking the leadership code, three secrets that building strong leaders if you want to get the first chapter for free, hang onto the end of the episode, Show you how you can get it on the sought after trainer Speaker, consultant, and coach for over twenty years. He's worked with big brands like Walmart Pfizer, City Group General Electric IBM? GM. State Farm Insurance Microsoft and more and today. He's GonNa break down how to build your credibility, your authority with your team with your actual clients with anybody who work with some simple steps you can take. This is especially important for new to this if you are. are dealing with new clients or you have new teams joining your team. The first thing everybody's thinking about when they meet you is, is this person? The real deal? Can I trust them? Will they deliver? Are they the leader I'm looking for? Is this the business or client I want to work with and that all boils down to are you credible? Let's make sure the answer is, yes. So I'm GONNA pass it onto onto, teach you today's guest teacher lesson, but I'll be back to rabbit today's episode and share with you that linked to get the free, first chapter of allowance book cracking the Leadership Code, but for now takeaway on. Hello there, my name is Alla. Pumpkins. Thank you for joining me today. Today. You how to increase your influence and impact five building your credibility. So, let's get down to business. I'd like to start by giving you thirty thousand foot high level overview of our lesson today. We'll start by looking at what credibility is. Then take a look at why it's so important, and then look at the three biggest actions you can take to build your credibility, but let's start with a story about a leader named Clint. Clint is the CO founder of a software company that's grown rapidly over the last three years. He's smart outgoing and he's great in front of customers. In fact, the sales team is nicknamed Clinton Midas because everything he touches turns to gold. However for all of Clint's strengths, he has this tragic flaw. He's consistently late for meetings ten, twenty, thirty minutes. Late is par for the course with Clinton sometimes even more. In Clint is also the master of excuses as to why he's late. He'll say, well, this customer meeting went long or this operational issue needed my time or gosh, the traffic from the airport was horrible. However is much as Clinton tries to explain and excuse his way out of it. His team is just not having it anymore. It's having an impact on engagement morale. In fact, two of Clint's direct reports have quit in the last week. And the sad truth is clint doesn't have a clue as to why and the reason because Clinton has never stopped to recognize the importance of credibility. So let's start and take a look. What exactly is credibility. Credibility comes from the Latin word credibility, which means worthy to believed. Credibility, is the main ingredient in trust and trust is the glue of human relationship. Turns out credibility shares the same etymological root as the word credit, which means alone or a thing entrusted to another. So, let's take a look at why that is so important. So if you want to influence others, you want them to do something because it's important to you. So, how did they decide if they're going to do it? Well, it's based on your relationship credit score. If you have a high credit score, you've proven yourself as a low risk, high return person and the other person is likely to help. They think you're a good investment. However, if you're a high risk low return person forget about it, they're not going to help fact is people own their own talents and skills, and they only offer them to you on loan. So having a high level of credibility or relationship credit score is your way of proving that you're worth loaning to. For people to truly follow you. They have to believe you're worth following. And how do they decide it's through your actions or is Albert Schweitzer the Nobel Prize winner. Put it. Example is not the main thing influencing others. It is the only thing. So. If you want to increase your influence and impact and others, you need to grow your credibility. To take a look at the top three things that you can do to make that happen. The first. Showing up on. Time to lesson from Clint. If I could only choose one practice to grow my credibility. I'd say show up on time you should treat your performance in this arena is a big deal. It is think about it for a moment. Timeliness is the easiest and most visible thing to measure sure either here or you're not. Fact is lateness is about much more than just a few wasted minutes. In life being on time is the most basic social contract that of presence. When you're late, your behavior sends a clear message. I have other things going on. That are more important than you are. And when you're on time, you send a clear message that you value the other person. So you to choose what's the message that you WanNa send and know that your actions speak a lot louder than your intentions. The second thing that you can do to grow your credibility is to do what you say you're GONNA do. You see when you open your mouth and promised to do something you cr- create expectations in those who are listening to you for them that promise is now this open psychological loop of tension that seeks resolution and it stays open nagging at them as they think, will they follow through or not? The fact is people crave closure. So every time you do what you say you're going to do you strengthen the connection between your words and your deeds, which is exactly what's meant by walking the talk when you walk your talk your seen as congruent and when you don't. You're not. You're out of integrity something's off, which is what Ralph Waldo Emerson Express when he said who you are speaks. So loudly, I can't hear what you're saying. See Doing. What you say you're going to do is the precise deficit of accountability. have. You ever wondered where accountability comes from. It comes from the world of accounting in finance. There's a balance sheet, there's on one side assets. The other side is liabilities and the to need to equal each other to be in account. Well, in human behavior, the two sides of your behavioral balance-sheet are what you say you're going to do. And what you actually did. And when you follow through and do what you say, you'll do the two sides balanced out and you're accountable. So a top tip around this. Do you say what you're GonNa do is write things down. Keep a written record of what you promised to do your way better off being someone who under promises and over delivers than the other way around. This means you have to be clear on your commitments and also be willing to say no from time to time. So. We've looked at our first two actions. Showing up on time doing what you say you're going to do our third one is around being consistent. This is the practice of doing what you say you're going to do not just once, but repeatedly multiple times over an extended period of time. When you start to build the deposits in that emotional bank account, your credit score goes up. The, no. One's going to throw you a party for showing up on time. However, the little things done over time compound and have a multiplier effect. As an example, take the CEO of Campbell Soup, a man called Doug. It now doug was CEO of Campbell Soup, for ten years and in his ten year period as the leader of Campbell's. Doug wrote Thirty Thousand Personal Handwritten. Thank you notes to his employees. Now, by the way over those ten years, Campbell's only had twenty thousand employees, and if you do the math, it works out to more than eight. Thank you notes per day seven days a week for ten years. Now, that's pretty incredible to me. Now, I'm not saying you need to start writing eight. Thank you know today, but I think Doug Conan's example of the power of consistently and showing how that multiplies and compounds over time is great. It's so easy in this world to think that we're too busy to do the important things. See if you WanNa know what a person values. Look at their calendar and see where they spend their time because that is the ultimate test of what you're truly valuing because ultimately, every action that you take will either strengthen or weaken your credibility and connection between. which either strengthens or weakens your influence and your impact.
Dig for Victory
"To get to today's urban gardens, let's go back in time to the founding of the US, there were certainly major cities Philadelphia New York Boston, but it wasn't. Until the eighteen hundreds that more and more people move to cities and urban ization in the US really got underway. These are people who would have grown almost all their own food before, but now they live in a city. They can buy food at the market. So how many of them kept up gardening in their new urban homes? A lot of food production went on. On within city boundaries well through the start of the twentieth century, there were lots and lots of urban livestock, because people were raising pigs and cows and chicken for food within city limits anesthesia day as a historian at the University of Delaware, and she's working on a PhD about Victory Gardens. It's only really during the city, Beautiful Movement and the progressive era that city start passing ordinances that actually outlawed these forms of local food production in the name of cleanliness and sanitation and middle-class standards of respectability, because only poor people grow their. Their own food. The city beautiful movement was big deal during the eighteen nineteen in one thousand, nine hundred wealthy urbanites, all this rural migration and immigration, and of course, the rising inequality and poverty and tenements in their cities, and they were not happy. They tried to clean the city up. They built big boulevards and parks with monumental fountains, and eventually they also introduced strict zoning laws and chickens and vegetable patches were not part of these new beautiful cities urban agriculture. Something poor people needed. It had to go some cities overtime had already. Already banned maybe the animals in the streets, or even keeping certain animals within city limits, but this really solidified during the city, beautiful movement city started to enact ordinances that said no farm animals in the city at all and no front yard vegetables, either meanwhile the poor had more pressing concerns than how the city looked frequently, when bad harvests and economic fluctuations raised food prices, they could not get to eat. There were dozens of major food riots in American cities throughout the eighteen hundreds. The first urban gardening movement starts in eighteen ninety. Ninety three in the town of Detroit, because of this panic of eighteen, ninety three, there were lots of panics. In those days, the stock market was very new, very volatile and long story short, suddenly, basically overnight, forty three percent of detroiters are unemployed in what had been a booming city and the Mayor Hazel S Pingree I has to find some way to answer. The cries of his constituents. So what he does is, he starts the first urban farming movement, which is ironically happening at the same time that many productive activities within the. The city are being outlawed. In other cities, urban leaders didn't want farms in their cities, but they also didn't want riots, and so letting poor people groza food on vacant land was seen as an acceptable temporary band aid in times of shortages. The Detroit plan was called the potato, patch plan and it had pretty impressive results by eighteen, ninety, six seventeen hundred families were farming more than four hundred acres in the city, and there are letters there from local detroiters writing into mayor Pingree, saying you so much I was able to grow. Grow Food for my family and lots of the people that wrote in. It's heartbreaking, because these letters are hardly legible there in broken English. Many of them were recent, German and Polish immigrants who were taking advantage of this program to grow foods dot connected them to their home as well as to feed their families. The Potato Patch program was seen as a success, but it was never meant to be permanent in less than a decade when economic situation in Detroit started to improve urban farms kind of petered out until the next big. Big Crisis, which was World War, one, the city beautiful movement had stamped out urban gardening the Detroit potato patches were gone, but suddenly there was a huge need both for food, and for kind of coming together in a patriotic sense. At least that's how Charles lay through peck sought. He was a lumber baron from New Jersey and early on in the days of the European conflict. He wrote the US government and said people should be reason. Food would help them contribute to the war help stock shortages, and the USDA promptly said Sir. We've got better ideas going here for better uses of fertilizer and seed supplies so thanks for your input and no thanks Charles hadn't made his fortune by taking no for an answer, so he took that Fortuna and started a Liberty Garden Movement himself, and he quickly found a whole group of rich people who wanted to join him in getting Americans. Gardening again to support the war Charles and his friends created a movement. There were Liberty Gardens. Gardens on Boston Common, and in Union Square in New York and big corporations like Eastman Kodak and General Electric set aside land at their factories for employees to grow and boy scouts even had a garden at Grover Cleveland's Childhood Home in New Jersey. Even the government caught the Liberty Garden fever, and they created a school program to teach budding young home farmers how to grow food and support. The soldiers was actually one of the first nationally. Nationally promoted curricula in the country, the Liberty Garden Movement seemed to really catch the public imagination. However, there was no infrastructure for collecting numbers. The only source we have is Charles Lathrop pack himself wrote a book called the war garden victorious in one, thousand, nine, hundred nineteen, and he claims that the movements sponsored five million gardens which time when there were just over six million actual professional farmers in the US is kind of impressive but remember. Remember Charles is our only source for this number and he might have been biased. It's really incredibly hard to say, but despite its holds on the national imagination, it had nowhere near the impact of world. War Two Gardens in terms at share mount of produce ground, sheer numbers of people participating sheer difference it made in the global war effort, and that's probably why you listeners at least in the US you don't use the Term Liberty Garden. Gardens you probably say victory garden.
Engine Competitions for B-52 and F-15EX
"Wings mount to the pile or the pilots of the wings, and then a complete cockpit redesign. So. They're actually asking for eight engines and think young not to Max Flank and give us much more details, but think of these are the engines that are like on the back of big business jets. Yeah, yeah. We'll. We'll talk about those in just a second I. IT might be worth mentioning that previous on even Wanna use the plans, but in some cases plans in some cases, proposals or ideas to re engine. The the B fifty. Two's did include going four larger engines at at one point, they were looking at for Pratt and Whitney pw. Two thousand engines are the military designations F. One seventeen. which is what you find basically on the seven Boeing seven five seven and on the on the C. Seventeen. At one point, there was a proposal for four least Rolls Royce rb. Two eleven engines That didn't go. there was Competition at one point proposed between that are be to eleven, P, W, two thousand and also the CFM. In jains, which is what's on the Boeing seven three sevens and some other things. But now we're looking at. It's called the commercial engine. Reengineering program will redundant. They're the commercial engine reengineering program CRP or I guess we call that. SURP- well I. It's kind of funny because we've got now a commercial space program, this is a commercial reengineering. One of the things we've talked about recently. especially with military aviation is. Using off the shelf components for whatever whatever the need is not creating a specific, a specific mission, specific platforms, specific engine or electron ix, but what using what's out there to do that? So that's really where we're going with this and like Brad said. The the engine pilots in the structure they wanna keep as simple as possible, and this has been kind of a trend in believe it or not. The warbirds circuit. The recreated emmy to six choose. That were replicas. Have the NACELLE 's built for the. Engines from world. War Two, but have more modern engines hidden underneath them so you're you're so you're getting the same look and you're getting the same thrust ratios. ETC, but you have a more powerful much better engine, so they're. They're looking to keep the eight eight engines for balance and for. If you lose one on takeoff, etc, so and so max taken away with what are our choices? Envelope, please you have from from General Electric well, there's actually to possibilities, but one is the t.f thirty four, which has launchpad said is popular on many. Many Biz jets it's also a very to that is what powers the eight ten actually So that's that's one possibility, and that's an engine that's been around for you know for a while. It's very reliable. It's a good engine. Another possibility from GE is what they call their their. Passport engine, which is a newer newer design that GEE is working on for for a regional and business jets. so that's from. General Electric from Pratt and Whitney. There's the PW eight hundred. Series, which is also a an engine for regional jets and business jets, which is produced by pregnant Canada and it actually has the common core with the geared turbofan engine, except it doesn't have the big high bypass fan, and it doesn't have the gear, but the core of the. Pragmatism you. Eight hundred series engines the same as the geared turbofan. In from Rolls Royce. We have the F. One thirty, which is the military designation for the commercial. be are seven hundred series, which is another business jet. Engine so these are smaller diameter than the high bypass turbofans you see on seventy three seven's a three thousand family series in all of the others smaller diameter, but it turns out not a whole lot different from those t.f thirty-three engines. Their stuffed into the into the beef twos will as our insider into the engine world in our ringer. Where do we put our money on the bet I'll. Pick. Pick a winner now, so so the air. Force will have a relatively complicated or complex system for evaluating the proposals. Will take into account. A number of different factors in in this case. Some of those factors will include things like fuel burn because. A more efficient engine requires less aerial refueling. That's a that's a good thing. It'll include things like maintenance costs. What are the you know? The life cycle maintenance costs a variety of different other aspects to it I don't know if engine maintenance proposals or plans, or are going to be associated with these, or or not, or if it's you know, the maintenance is going to continue as it has with t.f thirty-three terms of WHO's doing it I don't know, but it'll be A. Interesting process, this is actually the sort of the second phase of this This proposal process the the the three of them in the first phase. If you WANNA, call it. That created digital prototypes. This is very interesting I. I don't know if this has been done to this degree in the past, but the since the first round submission from the three engine makers was a digital prototype submission, but the final proposals is comes up really fast July. Twenty second is the deadline for the air force the government to receive the final proposals.
GE selling century-old lighting unit to Savant Systems
"Hall General Electric no longer in the light ball business CBS's Jim Priscilla tells us the Boston based company has been selling off underperforming parts of its empire for years we heard now General Electric has decided to get out of the lighting business after nearly a hundred thirty years the company is selling its Cleveland Ohio based lighting unit to smart home company savant systems G. E. was formed on April fifteenth eighteen ninety two Jim chrysalis
Wall Street opens higher on recovery optimism
"About ten minutes said to go ahead of wall street's opening bell and after the Dow shot up five hundred points yesterday looks like more big games on tap today Tom W. said Debbie deputies now at three hundred fifty point that's due to optimism for an economic recovery here in the US and plans for a massive stimulus packages in Japan and the European Union and adding to the optimism on Wall Street good news and housing this morning applications for home purchase loans last week up nearly nine percent rising to the highest level since January and higher for six weeks in a row that's despite widespread unemployment Boeing this week expected to announce about twenty five hundred workers accepted voluntary layoffs not so voluntary job cuts could be coming next part of a broad cost cutting plan and General Electric founded in part by Thomas Edison the inventor of the light bulbs now selling that legendary lighting unit to a Massachusetts company called about systems that make smart home devices you know in terms of the deal disclosed bell up big changes
GE Aviation to cut workforce by up to 13,000 jobs, or 25%
"General Electric is cutting approximately thirteen thousand jobs in its jet engine business because of lost business G. E. said in a memo to its staff that it plans to cut twenty five percent of its global aviation workforce in coming
Boston-based GE results show scale of impact from global aviation crisis
"The world's largest maker of jet engines a Boston based General Electric cannot hide from the sharp downturn in commercial air travel during the corona virus pandemic sales in G. E. aviation the company's crown jewel fell thirteen percent and orders were down fourteen percent
Ford, GE plan to produce 50,000 ventilators in 100 days
"At Monday's White House briefing on the corona virus pandemic president trump announced several pharmaceutical companies are donating doses of drugs believed to help treat cove in nineteen he also announced that manufacturers will begin making ventilators to meet the increased demand for just announced just a little while ago that they will produce along with General Electric healthcare fifty thousand ventilators and they're gonna be doing it in less than one Hundred Days the number of confirmed cases has continued to spike across the country there were over a hundred and fifty nine thousand cases nationwide as of this
Coronavirus Exacts Mounting Toll on Industry: Boeing suspends some production, GE makes layoffs as manufacturing slows
"Reporter coronavirus crisis has obviously disrupted global transportation especially air travel and the resulting economic shock is hitting the entire aviation sector businesses that build parts for planes such as Boeing and General Electric have been hit hard G. E.'s aviation division has already cut ten percent of its US work force reduced some executive compensation and furloughed half its domestic maintenance repair and overhaul employees for not ninety days the moves are designed to
Jack Welch, legendary former GE CEO, dead at age 84
"And Jack Welch who transformed a General Electric into a highly profitable multinational conglomerate has passed away at the age of eighty four well it's becoming one of the nation's most well known and highly regarded corporate leaders during his two decades as a G. easy chair and chief executive he personified the so called cult of C. E. O. during the late nineties out when G. E. soaring stock price made it the most valuable company in the world this is an amazing legacy and that he leaves
Longtime CEO of General Electric Jack Welch dies at age 84
"Retired longtime General Electric chief Jack Welch passed away at the age of eighty four Jack Welch's first job G. E. the company would eventually run and remake was as a chemical engineer by the time he was forty five feet engineer his way to the top spot chairman and CEO in charge he had a simple rule for all of G. E.'s divisions if they were market leaders there are three choices fix it close it or sell it during his twenty year tenure from nineteen eighty one to two thousand one G. E.'s value jump from twelve billion dollars to over four hundred billion also part of his mantra cutting payroll G. E. shed over a hundred thousand workers in his first five years on the job Jerry Preston ABC
Jack Welch, GE's legendary CEO, has died at 84
"Jack Welch died yesterday the long time chairman and CEO of General Electric one of most celebrated executives of his day was eighty four years old the legacy well sleeves is complicated it will be debated and case study to four years in particular the way he changed what American companies do profits above all shareholder value first in line marketplaces Katong has them General Electric once upon a time explicitly serve many masters workers research labs and last of all shareholders that's according to company documents in the fifties by nineteen eighty one in came a new boss Jack Welch he slashed underperforming divisions and workers he spoke at MIT in two thousand six you bring a man you say look this isn't working you're in the bottom ten United again in my money here let's over the next year get your move on my then cutting costs and pleasing shareholders was in vogue in Wall Street and work for G. its stock way out perform the market during the Welsh decades of the eighties and nineties Nicholas Heymann is long time G. analyst at William Blair she had no problem redefining the landscape and what would work and in that sense standout became kind of the Paul Bunyan of shareholder value creation shareholder value often came at a cost to workers it undid the post war corporate social contract says Rick warts but not the Drucker institute his book is the end of loyalty G. and vaporized about a hundred and seventy thousand jobs under Welsh up until that time only the term downsizing it really entered the American vernacular yet these kind of huge mass layoffs were still seen as pretty scandalous when will step down in two thousand one jeep your allied heavily on its finance arm GE capital which will build up and when the financial crisis came years later the company got hit hard law professor Margaret Blair at Vanderbilt's is that's when we'll just tone seem to change as the company got into trouble he conceded that maximizing share value is not always the smartest thing to do D. adage suggests that he changed his mind over time he must have begun to see if there were big problems in the underlying business well she may have been on to something today leading groups including the business roundtable blackrock and the Davos World Economic Forum are rethinking the shareholders first model in its
Jack Welch, GE''s legendary CEO, has died at 84
"And Jack Welch has died he was the chairman and chief executive of General Electric from nineteen eighty one to two thousand one and transform the company into one of the world's most valuable public conglomerates CBS news business analyst Jill Slazenger says while she had many fans his accomplishments are legendary but not everyone liked his methods when Jack Welch took a hatchet to the staffing levels at G. E. firing people he was known as Megatron Jack the C. E. O. who would be willing to cut jobs and sacrifice people to the overall mission of the company Jack Welch was
Boston: Jack Welch, UMass Grad Who Became Legendary GE CEO, Dies At 84
"Jack Welch the General Electric CEO who became a superstar has died at eighty four CBS news business analyst Jill Slazenger says Welch's accomplishments are legendary she was once the world's most valuable company but not all of these methods won accolades when Jack Welch took a hardship to the staffing levels at G. E. firing people he was known as Megatron Jack the CEO who would be willing to cut jobs and sacrifice people to the overall mission of the company it's estimated eighty one thousand people lost jobs well Welch was in
"general electric" Discussed on 860AM The Answer
"By pricing our American auto industry been so tired it's harder in the block the bad news messenger and third company to General Electric and I know you want to talk about that I was you know it's a it's fascinating amity your discussion the point you raise follow precisely the outline I have in front of me I don't need my outline he you instinctively you just know where I would love to go next so of course G. eat is exactly what I want to talk about because in the background during LBJ JFK and Nixon administration in the background is a B. grade actor who becomes of course the president Reagan and tell us if you can briefly but include all the juicy details how General Electric a fortune five hundred company one of the most trusted companies in America if not the world what in the world did they have to do with delivering president Reagan to us and I should mention before I turn the microphone over to you is that I mentioned earlier LBJ was driven by and guided by Roosevelt J. F. K. he was guided by you to a substantial degree the brain trust the best and the brightest from Marvin Nixon seem to be guided by Nixon and Reagan as we will learn was guided by Frederick Hayek Austrian economist and he was when he started amity and you'll take over now when he started he was a rock ribbed Democrat in the Franklin Delano Roosevelt mold so tell us about General Electric and president Ronald Reagan it's a wonderful story well yes and it starts not even with Reagan but with the company General Electric companies have sold their white people and GT sold like fighting he on the one hand with kind of a bunch of bad men who were quite cynical and thought a lot about marketing at this point I meet in the early sixties and wanted the whole wall and create login and good distribution and make money and work with government very cynically you know G. with the provider soldier by the Tennessee Valley Authority which is not recommended yeah on the other hand though there's the old G. E. which was very individual Thomas Edison a man alone in a lab comes up with an idea that changes the world and that man works better when he's really all alone and you get to pick anything about who's going to buy the product certainly not about the next contract he concerned about unions actually they were concerned American innovation out of its own market there was a fellow named Lambeau where it's completely forgotten but he was kind of the crew were there and I think when you give money away anywhere might want to think about the console where was making it actually at an intellectual policy her cell and walked back which is he needed to train people the merits of free market capitalism with a history she no Edison and Charlie Kaufman the original mantle innovator with a company by reminding them where growth com well that is it's like sending money on backing a capitalist history book it's what level where the executive a GP one three and ability to keep the workers more than a hundred thousand people all about half full and heat it had little pamphlet about hi yeah remarks here and about what would work he has led to pop your eyes and higher and you know pop them all about how are you home out and handed all this out and it seems like you're ready and won the thing to hold where did why hi you're aging actor who was not very popular and as you mentioned was a rocket Democrat at that time Democrats long awaited open for all the capitalist ideas and break in need of a job in the like the job but he wasn't really sure about the capitalism at first he went around on the rubber chicken circuit and gave a lectures workers that in town hall about the American capital and gradually Reagan's this actor nothing more than a PR point became the ideas that one reason why he followed the GT bought stock or bond he wait markets worked in the beauty of compounding and if you things like that and at the beginning of the book what happened and she got caught up in it so divided sold the property for executives at G. he had been polluting it legally in violation of American law with Westinghouse and other company in their industry I was in charge too much to the TV at all my gosh she even cheating the American tax payer so every bloody court case actual GP executive jail one usual anti trust union road with laughter and is this by G. easy stock when in the toilet our and Mr Goldberg department as little propaganda bell fell part with your ball where retired your rating inspired in his show G. are part of a propaganda effort was cancelled so you think it's all washed out and what's interesting is that right remember it all but even if he wasn't a G. E. anymore and he got a Michael on politics against give speeches about market and what was wrong with the socialization that and so on and hit the ideas and his performance took home so though this long shot propaganda philosophy effort by Boulware paid off sometimes you undertake a project the political or for legislation he did not pay off for ten or twenty years it doesn't pay off till after your death but it does mean being that your rations name the undertaker the court well where each investment it's great getting free market ideas paid off exponentially for those investors over quite a long period so I like that and I like the way great store business hello it was a blow job look around think about politics and he did correspond with people where where the van for governor excellent political effort and extremely successful for L. one California so that's all in the book of breaking start got down to eat dark out down but they do well later and what's fascinating is ball where who had his goal the education first of the workers then with the G. E. theater and early black and white television program in the drink I guess the fifties and early sixties wall words goal was to educate the public and the not only did the educate the public body educated a president or a soon to be president beyond his wildest dreams so I'm just reinforcing amity what you said about sometimes you plant a seed and it's the jazz station period is very lengthy but sure enough up grows a sequoia tree or redwood tree and talk about an accident the accident of ball where trying to educate workers on the merits of capitalism and ends up giving us a two term president who becomes president of course at exactly the right time we were in the economic pets when Reagan took office and not bold wears teaching but the teachings of the Austrian economist of high tech and bash your do of course was French in the eighteen fifties their teachings is what guided Reagan through the eighties add up and many if you could take a step back and we look at this arc we look at John C. in though who the damage the economy with his guns and butter policy perhaps but spending on great society thought clearly it was a failure it gave us the seventies Nixon impose wage and price controls and as you said increase spending for Medicare so Nixon damage the economy along comes Reagan and fixes everything in the glorious economic eighties why wouldn't that and now they ask you to go beyond the scope of the book why wouldn't that have ended the argument why wouldn't that show here we lived through several decades we tried one approach it failed another approach it succeeded why are we not still in the Reagan economic era what happened to the country you're an observer that cause us to now forget that comparison between the sixties and seventies and bad economic approach and the eighties and a different economic approach amnesia word word or casual PMR orange and sat we can't remember how bad that's the big thing how bad if you were one of the with one hand not employed in the seventies if you were unable to buy the house you needed a member of the seventy people fought houses would have to become ever smaller but what we thought we could never turn the thermostat up seventy eight yeah because you didn't have enough energy and we never would have what comes back you know Cheryl bowl OPM here to be in a sense of the word how may we help you the dark hi so what we don't have the background so long people for retiring now live locally in the fall market after he just to give out the listeners one measure very we tend to think of the ever rising stock market is our kind of birthright you put the money in the five twenty nine plan it will grow by act and your child will have some money for universe the Dow Jones industrial average was flat and I'm not even counting the inflation from the mid sixties all the way three eighty almost two generations the did not want to cross the outline it's a very different experience you can go back in the dividends if you want to get the better number but there was the average paid the one thousand and that nominal so well when you could be big inflation is much lower so that's what it was like and we forgot that okay the aspen brands nothing is new as in fashion social is not new social failure or commercial my thinking tell you those are not get what we need too long ago and that many Americans have been served over he they haven't seen communism or economic trouble they have a good dinner plates for the money doesn't work under a lot of those so so that the change but we do have this evidence if only we can recall it one of the things that I if you don't mind me mentioning is we yeah I work at the Calvin Coolidge foundation and what we do is try to remember the past with that just to make dinner find a Wagan like where we understood the importance of market with the importance of federalism under strain breaking news we like to praise him government did well under Reagan under college the government actually shrank and your listeners you're sophisticated services that real amateurs that nominal the government really shine in real terms so wow how did the president shrink the government and not nearly can change the world quite a mention mention of going family we ought to mention of.
"general electric" Discussed on 760 KFMB Radio
"You can get it filled at a a WalMart, Costco. But what's available to you? You complain about the cost people around the world that would pay anything anything. For drugs that improve their lives. For insulin. For betablockers. You name it. The vast majority of the world doesn't have access to these things. Some people argue over. As I say that some people argue, let's see over vaccines. I'm not one of them, by the way, but some do. Well, the vast majority of the people of the world don't have access to vaccines. There's nothing to argue over nothing. We have a partial government shutdown where a percentage of the twenty five percent of the government wasn't funded a shutdown. I look at this. I say to myself. Are they not familiar with the depression? Are they not familiar with the depression? But the Federal Reserve did to the dollar. Which drove a recession into a depression government? Did that? And I hear people complaining. I don't know anybody who hasn't been unemployed or any small businessman who hasn't had a period of time or woman where they don't have the sales that they need to cover some costs. Parents went through that. I went through many decades ago. And nobody ever said. But you know, what a couple of months if he come back a couple of weeks, we come back. We'll make it all up to you. You'll get all your money back. Nobody gave me my money back. I went through my pension. I went through all of our savings at a borrow money because I was going to get through it with the family come hell or high water. And I'm certainly not alone. This is the experience of most Americans. We're supposed to hate successful. People. You see because that's the only way socialism slash Marxism slash progressivism. Works. You have to destroy successful people because they're an example that the society works. These men that I've named are not billionaires because they stole from somebody. They're billionaires because they made a difference to you and your life a huge difference. How about the money men as we like to call them? The Andrew Mellon's of the world. Andrew Mellon to the world. Their finances. But for Andrew Mellon. You wouldn't have electricity in your home? You wear. General Electric used to be called Edison electric Thomas, Edison, invented a form of electricity production, tesla invented another form. Tesla's form was better. You're using it today. You've heard of Westinghouse. Westinghouse was another big businessmen. And he owned Tesla's patents. Well, melon. Who didn't produce anything was an investor? Well, he secured those patents in his own way from Westinghouse. He really didn't want to give them up. And.
"general electric" Discussed on MarketFoolery
"And it just seems that the like you said the board wasn't behind that. And at some point this fall. It's just the when the last straw, hit the camel's back in the board just didn't seem to be a line with where that the way that Flannery was either taking the business or talking about taking the business, and they thought that was just a little bit too much for the General Electric, and they they went towards a cope who's pretty new to the General Electric business. I'm glad to use the phrase the G family in reference to John Flannery because that is something to be noted about Larry cult. This is a guy coming from outside the company it's not to say that either good or bad. But it is notable. And yeah, I think it's going to be very. Posting to see what does. And, you know, Jan in General Electric for years and years has talked about their management discipline going all the way back to Jack Welsh. And as just grooming these great managers, and I think we've seen over the last ten years. That's that. Maybe not really the best way to characterize that. When you think about the long-term, just maybe the business just so dramatic and so big that it's hard to turn especially with the disaster. The financial business turned out to be but Larry called comes from Danaher where they have their Danaher business system, and that has just an operating philosophy that has worked well for din her when it comes to industrial acquiring businesses turning them into profit machines reallocating that capital, which is if that's the way the General Electric is going to go in focusing on their core businesses that might be the way that gets General Electric outta this steep rabbit hole than it's in right now. If lyrical is not on the hot seat. Let's say it's a little warmer. The average does are there other CEO's that you look at. And you think I'm keeping my on them because they're I think they're poised for a great year. Yeah. There's a lot, You you know, know. the likes of a Larry cope gets an and Elon Musk, and the we love talking about those in the media thing are struggling. But there are there are definitely CEO's out there that are doing so where so well just from day to day continue to grow that business, married. Dylan Ulta is one of those ones as proven to be an exceptional CEO of that retailer of cosmetics and the way that they add to their stores, renovate stores, tactically will shift their real estate how they have pushed the online business to be a bigger driver how they have used their membership rewards now to be able to drive so much more value on a on a per member basis and make use of footprint Ida big box retailer that is fairly large in the face of the likes of Amazon and other retailers that are continuing. To hunt at Ulta they have been able to continue to grow and grow pretty nicely. And it's it's it's exceptionally profitable for retailer, and the us that capital, very, well and have very high returns in the capital's, everydollar, they're investing back in the business continues ago, more and more valuable. So I think Mary dealer Dylan. She does get get some respect. But she's not a household name. She should be well, particularly when you consider that for a stretch of time that she has been in the corner office, you mentioned the salon business. I mean Ulta was doing very well in that..
"general electric" Discussed on Bloomberg Radio New York
"This morning has the midterm elections. Get underway. Investors, kind of bracing for any fallout. A right now, the S and P five hundred down a point the Dow out of the gate, fourteen points, lower the NASDAQ composite index is down about three points. Among the most actively traded General Electric shares. They are up right now about one point four percent Advanced Micro shares down three tenths and apple shares are up four tenths of upper sent. And that is a Bloomberg business flash. Tom pinch Tucker. Thank you, so much ingredients screen on this election day. Sinn Hooper with the style. Invesco looking at the strategy of what to do with your money Christine. If you started your year end bible, your publication January. But it's going to be hard to actually finish it into these midterm elections. Turn out. Okay. The elections turn out you really get to work tomorrow morning nine AM, you'll be on it. And then you've also got to see what the economy does. Don't you? Absolutely. I mean, certainly this jobs report was positive, but it may have been positive especially where wage growth is concerned. And so we do have to ratchet up expectations about the fed. What does that mean that you believe that they will raise interest rates how many times in two thousand nineteen? What I would say is that it makes it a complete that the fed raises rates in December. I wasn't entirely sure of that until I saw that last jobs report. And I think it it suggests that the fed is likely to to come out of the gate and twenty nineteen and continue raising rates probably one or two times before it takes pause and reassess his economic data, and perhaps before economic data shows, some signs of weakness. Do you believe do you believe then that we'll see a larger increase in yields and a big selloff in the bond market? We could. I mean there are so many variables at play right now. So much of this has to do with midterms and the kind of legislative agenda that comes out of mid terms that I believe will play role and whether investors receive the agenda to be pro growth to nature, but of course, fed policy will play a very large role. And and we could certainly see bump up in yield. Okay. But just to just to be clear here, if the Democrats are able to take control of the house of representatives and President Donald Trump is able to use the power of veto is it likely that the Democrats will be able to advance any of their agenda. And also if this is the situation then won't that mean that the current state will prevail for the next two years? Actually, if the Democrats take over the house, I think there are two possible hybrid agenda items that a Republican Senate and a democratic house may agree on one is a clawback of trade powers. Keep in mind, the US congress at the US, congress was given the power over leading tariffs by the constitution over the last eighty or so years they've given away a lot of those power she'd executive branch, but we could see an effort on the part of Senate Republicans and House Democrats to take back. Those powers, particularly if economic data suggests that the current trade policy is causing problems. Certainly we've seen some Canarian Canaries in the coal mine from earnings, and so as that continues, we could see some effort there to take back some care towers. Okay. But but hey before you get to the second point. But let me just push back there. But isn't that? One thing that it seems that Democrats Republicans are allied on is that they are both looking at China and the loss of US jobs to low cost producing regions of the world. It's not as if the Democrats have run on a globalization platform, neither had the Republicans haven't. But what they should recognize is that they current trade policy agenda is creating a lot of issues for economic growth from pie chain disruption to hire input costs. Certainly there is a way to pursue a trade policy agenda that doesn't involve tariffs. In the joy of October, Christina there's a linkage of equity markets into bonds. What did you study in the bond market as you looked at new volatility in equities? That's a great question. And what I really look to is actually the ten year because to me that is such a better gauge of fear than for example, equity volatility. And so it seems as though markets have gotten a bit more relaxed, right? We've seen the ten year bump up, but to me what we've seen is an awful lot of volatility and in bonds as well. And so I think what we're looking for is direction after the midterm elections. I think.
"general electric" Discussed on News Radio 810 WGY
"Ask the expert to most in-depth midterm coverage. Since here on WGN Y presented by kiss kiss tire on the corner of Albany shaker road in Letham. I'm Joe Gallo gar. A what is the temperature? There's I appreciate hearing. Yourself up over the temperature. Please. Half your age. It is forty one degrees, you rat. Okay. Let's get back to the dentist. Fagan? Dennis. Are you there from Vegas socio just finished the book electric city? It's about the history of General Electric. It's interesting. Some of the things, you know, I knew about the GE realty plot. That was for the higher ups and g. Also. But I also found out that there was a man by the name of Carmen who worked there who then collect Carmen fire department and carbon little it's all named after that guy that was part of General Electric as far as I can tell from the colony Carmen, no comments in Rotterdam is it. Okay. So pets connected. He though whole thing. I mean, and then like Schenectady locomotive with the family, and they were very big and then Ellis hospital and all these things in the Ellis has the Westinghouse's lived here as well. Did you know that if they did I didn't know that I know about? I'm not sure that I think that's what I got out of the book. Sometimes I get things mixed up as you can look at my final exam scores. But anyway, those have really interesting book, and it had the whole history of I mean, not whole history. But it said W G Y came about to keep in touch with the employee of General Electric, so interesting. Well, those those employees are getting less and less. Beg your pardon. Started reading around nine dollars and twenty nine cents a share.
"general electric" Discussed on Bloomberg Radio New York
"On Twitter. This is a Bloomberg business flash. From Bloomberg world headquarters, I'm Charlie Pellett stocks lower. The Dow have been positive just a few minutes ago it remains lore. Now little change down nine points. That's a drop of less than one tenth of one percent s&p down six down two tenths, NASDAQ slumping seventy seven down by one percent tech stocks. So tough day. They're the bond market close today for a federal holiday gold down. One point four percent at eleven eighty six the ounce. West Texas intermediate crude down two tenths of one percent. Seventy four sixteen for a barrel of WTI recapping US stocks lower SNP now down by seven down three tenths of one percent. I'm Charlie Pellett. That is a Bloomberg business flash. Thank you so much Charlie Pellett. You are listening to Bloomberg BusinessWeek Jason Kelley in London. Carol Massar back in New York. You're listening to Bloomberg BusinessWeek on Bloomberg radio. It is indeed electric General Electric, gosh, they've been in the headlines a lot, Carol. But now we bring them in from a private equity perspective. And if we're talking private equity engineer this or something high. Now, it really it's it's fantastic. When all these things come together, especially when we get to talk to Peggy, Colin, I know, he's a house. It's fantastic. Great to have you with Carol and myself albeit remotely, I'm like looking in at all the fun. You guys are having a kid here. Everything you're saying, but I want to get your take on this because this is this is private equity playbook like one on one, right? Well, yes, we've definitely seen that private equity has been upping its investments in several areas. Energy mean one of them, but not just energy energy that relates to infrastructure, but also renewable energies. So the big news out today was that General Electric to sell about one billion of its enter of equity investments, particularly in energy to Apollo global management. So Apollo has been trying to up its investments in this area. So, but this was a big one, and as many people know GE capital has been trying and G, and it's GE capital, which is its former financing arm has been trying to. Yeah. Huge behemoth has been trying to shed a bunch of its investments to try to get that company back on track. What does it say about private equity interest? I mean, have they been is just Apollo is it other folks that have been kind of dabbling more and more into energies into the energy space, we've reported of late that Blackstone and Carlisle are certainly dipping their toes more or pushing more into energy as well Carlyle announced last month that it was buying its first set of wind farms in New York, actually, and then Carlisle is raising its third energy funny believe targeting four point five billion for that. Well, and the other element here pegs, of course, is that private equity loves things that other people don't want. I mean, and we've seen this over the course of you know, two or three decades now where these guys are willing to step in eager even to step in to pick off these sort of orphan assets, in some cases, because you know, whether it's just through financial engineering just buying low and selling high. Hi or actually doing something with it. There seems to be a lot of opportunity there and Apollo is. Well known for that. That's right. Jason. I think it's interesting to with energy Apollo has a natural resources. Finding also invest in in energy through its other private equity funds energy has something that private equity loves which is it spits off income in a lot of cases, you're getting dividends of sorts. Same reason, why private equity investors, really love real estate. They have some type of an income stream. Even though the investment they may hold for four or five eight ten years. It's interesting too that I was thinking about all the assets. Right. Jason that GE has to shed. And we know that this was Flannery is plan. And now it's being sped up under the new CEO, but you've had healthcare you've got oil assets. I mean, what private equity typically dabble into something like Baker Hughes, which is a huge huge would be a huge, huge buyout. I'm not sure Carol. I do think it's interesting as you said that in some ways people are thinking that GE needs to come back to its core. Roots of of what what it was a manufacturing company and torture industrials companies. So as Jason said that puts people in the position to pick off a lot of its other assets in private equity is positioned to do that. Yeah. I gotta think that private equity guys are crawling all over this all over g right now calling up bankers may be calling up culpa himself. Now, keep in mind. Larry Culpepper new CEO was working as a senior advisor to Bain capital before he took this job. This was between his two CEO jobs. Also, if you look at some of the ranks of private equity, especially firm, like see DNR Clayton Dubilier and rice one of the oldest private equity firms. Jack Welsh, the fabled former CEO of GE he's a senior adviser there. They have a couple other people who've come through GE world, this is ripe for the picking. I think it's also interesting that infrastructure is in play as well. So a lot of these PE firms are really looking at infrastructure, and what made me think of when you were talking Jason is that for a lot of people. They thought infrastructure was going to be the play of the last couple of years when Donald Trump came to the presidency. And said I'm going to unlock a trillion dollars into infrastructure, and that hasn't really happened. So now, you're seeing some of these private equity for firms come in and invest in infrastructure energy infrastructure, because as as you said, there's there's less of the of the opportunity than a lot of people thought there would be well, and Carol infrastructure has been elusive for the reasons that that Peggy just outlined from a public perspective, but also private equity had a hard time, you know, K K R Blackstone. They've all had some fits and starts when it comes to infrastructure. They've yet to find sort of that magic way to get into it. You'll inter was thinking about this actually coming over to London because one of the most successful infrastructure deals on the private side global infrastructure partners own still Gatwick airport. I believe and they bought and sold London City airport here made a phenomenal prophet, and there's money to be made. But the they just have. Have been able to pull it off in the way that I think a lot of people expected they would I think in part two is because the public private funds haven't come together for so many people infrastructure was supposed to be a public private partnership or the public puts up some of the money and gives you some guarantee or floor in terms of the your investment in that just hasn't come to fruition. So it makes it a riskier bet, but we've talked with you write about just always funded all the money going in and yet they have no projects to invest it. Yes. That's right. And and around the world to projects, and like you said Jason evenly on black who has Apollo has said recently, you know, when people think of infrastructure, they're often thinking of roads, but we think of it even bigger than that as airports, but it takes a lot of money to rebuild an airport. Like, our lovely LaGuardia JFK getting better it's getting better. What's interesting is? I think you know, because as you said Jason that the private equity guys like those kind of out of favour areas. And I think here you have GE who's got a shed their assets. They've got to get it done. This is what shareholders. Expect do it quickly. And here's an opportunity, whether it's healthcare, whether it's oil, whether it's infrastructure to kind of pick up some properties, perhaps at a discount retail say, they love it. Piggy Collins, happy Monday, thanks so much. It's almost in the bucks. Investing team leader. Peggy Collins a here at Bloomberg news inner Bloomberg interactive brokers studio, I'm Carol Massar along with my co-host Jason Kelly, and this is Bloomberg. This is a Bloomberg Mark. We deliver tickets, T shirts and everything. What you really so much more. Fedex delivery passion. What we deliver by delivering time is running out there. Only three northern white rhinos left in the world. But together, we can turn things around your support to the San Diego zoo. Wildlife conservancy helps support groundbreaking solutions like frozen.
"general electric" Discussed on The Critical Path
"Should be General Electric or frigid air or or Gilani. Oh, I'm not familiar with that. They're yogurt maker. Oh, but it's, it's something that that you know if if you think about maybe yogurt as well walls kind of goes through its s curve, but the. These these appliances had to be the, you know, had to diffuse into into the households. And also at this point, I mean, they've been talking about it for a little while the, you know, the billion user Mark either I phones or I o s devices, and so you know, yeah, there's more to go, but they they're getting close to saturate. Right. Well, there's a billion one point, three billion. The last count is the number of devices in use in this is this is including phones, tablets, Macs, presumably maybe apple TV, anything that Ping's a server somewhere that's made by apple, and this was the number though they were getting these unique things. They were counting them and they said, okay, there is a point point. Three billion than there was one billion two years earlier. So we kinda saw three hundred million new devices. Now being bearing in mind that a lot of devices are retired or put it nicely retired or or or discarded or perhaps broken or coast hand. Or become coasters or or. But this this, this install base includes devices that are handed down or sold of sold as secondhand, or even third hand. And this is something that apple gains no, no revenue from well, they don't fail the device. But anyway, I think we're we're getting to is that services are really becoming a huge drive for that. Well, that's right. That's the point is that at services plus excess Aries, which are other products in that would include, for example, the watch would include the bands for the watch. It would include cases it would include keyboards and mice and other things that go along with max, the people may want to upgrade to. And so you know, you go to an apple store and I don't know what portion of the of the stores filled with with excess re's, but it's significant, of course not..
"general electric" Discussed on KQED Radio
"Seven years working for General Electric in one capacity or another at one subsidiary or another leaving at the end of last year as the company's vice chair running a group called G E business innovations her thoughts on her career, and what it takes to thrive and constantly changing workplace earn a new book called imagine it Ford Beth it's good to have you on. Thanks for having me kind. So let's get this out of the way. First of all, why did you leave GE was it just time? Well, it was time. But I left sooner than I imagined. I would we had leadership change. And you know, how that goes new new boss new team? And they'll they'll team's gotta go. She she says brat rather? Bluntly. That's when you gotta go. You gotta go. I guess right. Yeah. I thought a lot. I've thought a lot this year about knowing when to exit and how you think about that. Because I think I'm all about change. And I think knowing your exit is also something you have to think about well. So that's really interesting that you bring that up because the topic of this book of of. Changing creativity. And all of that you say yourself in this book that despite all the success you had in your career. I mean vice-chair G for you are not atypical change agent. I'm not I come to this as an introvert a reserved person. I hold back. I have an example where I worked in CNN and for Ted Turner for a year before he knew my name. And so I'm just not the one that put the ideas out there, and I had to really work to overcome my natural reserve and also some confidence along the way gimme a case study would you and let me put the caveat on the answer. You can't pick one of the big innovative companies that we all know and love like Facebook or Amazon or or or apple right? Who do you like out there who's doing change and innovation? Right. I've I've been really intrigued by what I see WalMart doing right now. Digital onslaught calms. What do they have a million employees? I mean, the scale and complexity by jet, they realized they have to go digital what I like about their story is they recognized. I think maybe late, but they've recognized it that they have to work with their strengths. What are their strengths one? They have a lot of employees to they have physical locations. So they've been investing more in having people pick up the packages on their way, home from work. It's hard to change from within. When you're a legacy company will let me poke in the aisle a little bit, right? And talk about g e because GM is maybe the granddaddy of legacy companies in this economy. Right. Yeah. And and it has a I won't say fallen on hard times lately. But it's been undergoing substantial change. Not always successfully it's not even the Dow industrials anymore. I mean, it's it's a legacy company that is still trying to make the turn. And I I mean, gee has fallen out of grace certainly from the public perception of late. It's a great company, and I was so proud to work there. I wish people could separate the stock from the company, but it's also a public company, and so I realized even saying that maybe sound a bit naive. But I think people especially with established companies, I think we underestimate the complexity that happens with scale the the need to keep the core machine running and innovate in the new, and it just creates a lot of tension and complexity and cleaning that up is really hard. And I think we hold our legacy companies to a to a different standard just because we expect it to be easier, and it's not so let me ask you actually about taking a risk and again, an anecdote in the book Steve Jobs called and said, hey, come work for me. In point of fact, he called twice right? Yeah. And you said, no. Yeah. Budget? You look back at that. And go pregnant pause after that, right, right? I mean granted this for apple became, you know, what it is today. But it wasn't all that long ago. Yeah. And I'll give you just a little bit of context that I was at NBC at that time in a really miserable assignment. And I had a lot of reasons to wanna leave there, and my gut was this wasn't the right job for me. I also think I was a bit afraid, and I probably didn't have the confidence. Even then that I could make it there. And so it's one of those things that I'll be honest. I did regret it at times, especially when their stock price went up. What? Remember, my husband, and I sitting down, and we're like how good could that stock ever be? But I think I just regretted an opportunity maybe to push myself in a new way. But I did it for good reasons to I was incredibly loyal to the path. I was on the G gave me lots of opportunities to grow and be innovative. So I had reasons to also no I I could forge a different pathway was to Beth Comstock used to be a GE for a very long time. Now, she writes books. This one is called imagine it forward. Thanks a lot. Appreciate you, Tom. Thanks kind. Nice talking to you. Thank you. heads and tips are cut off over here. As we move down the line, they cut into plates moved into a milling process. Aluminum.
"general electric" Discussed on News Radio 810 WGY
"Important. Embarrassing sometimes too. But anyway. Zack you found out that on the phone NBC's, Nancy G E C, which is generally electric company, which is what w g Y was way back in the early twenties. So there's the folk Lord saying that because General Electric founded NBC's parent company, the Radio Corporation of America that GE was still the largest shareholder at over thirty percent of NBC stocks. That's why was g. So nobody. Denied it or well, but w g why was the radio station they had here in channel six and it says right here W G Y Schenectady New York also lays claim to the idea and its fiftieth anniversary celebration in nineteen seventy two reported broadcasting the notes g e c on a piano in nineteen Twenty-three. The initials stood for the station owner, General Electric Corp. So there you go. So that reforms when I said for the most part, I claim I'm a millionaire ride a resume true. Oh, no, it very well could be that's actually pretty cool. Right. Sure. Another non-believer. Okay. Oh, hey know, what Joe you are old as you are wise. So I take your word. Okay. I like to say a few words back to you. But unfortunately, the national association of broadcasters, the FCC and the upper management of iheartmedia would not appreciate just give you a compliment. Yeah. Right. I hill of a backhand, but it was a complimentary if you're going shopping day. Here's a very important message. Gentleman..
"general electric" Discussed on The Tech Guy
"I am Leila port, the tech guy talking computers, the internet home theater, digital, photography, smartphone, smart watches. We're going to go back to the phones in a second, but for the next couple of weeks, I want to do something a little different friend of mine. Adam. Fisher has written a book called valley of genius, the uncensored history of Silicon Valley interviews, a two hundred of the most important people in Silicon Valley. And when I heard he had these tapes, I said, look, I got to play these in the radio show. Just to interesting this week, we're going to talk with Nolan Bushnell, the founder of Tari. Tell me about Nolan. Adam. Nolan Bushnell will be remembered as one of the most important cultural figures of the century. He essentially invented the video game industry. He did the first arcade video game. The first video game where long I one I ever played. I remember spending a day of very bad day in a bar with white Russians and pong. I had never seen such a thing and I played it for hours. With a friend? No. Well, must have right. You can't play the lone can't play with the social game dating game for I'll never forget. It was like, wow, this is amazing. Was a work study engineer from Berkeley and the way they weren't this. They would work in industrial six months, go back Cleveland, six months, and they were industri- six months, an Alice on his second franche, Dan. Was my tech and I needed train project. Compati- pretty complex, and I felt that we contract with valley driving which would take little cars and You know. you know. It was going to be hard project. And I thought, okay, I'm going to pitch him a. The learning project ping pong game, and and I told him that had a contract with General Electric. I don't. Find train project. And so it was a little fabric Asian and an Al basically had thing going, I think in a week is a hermit might have been weakened half and and. It was fun. It started out to be fun. Because. Angle paddles angle incidence reflection and so strictly defensive game. And so we decided to segment paddle. So the the top of paddling go up and said, just angling reflection. And that made it fun. Now, the game started to go too long. So he cited to speed up the ball after so many bow all as and it was still you still get good enough gain with last too long. So we then cut paddling him because in offer game, you want most of the people to lose in three minutes. Kind of roles. And I thought to myself, maybe. Valley like this game instead of the driving game. What happened was we had tire by the tail. We had more worlders filled. I can remember telling out on dab. Move production up two hundred. They looked at me like os just stark raving mad and that's where the. We had to get a lot of space and various things, but I figured out how to finance in that was that was the issue. Then understand that we have. Nope. Purchasing department? No manufacturing skill. We had no procedures. We had no Cup quality control. We, we had nothing. And so we were literally making it up going long. We had been running the company with tricks in MIR's from cash standpoint, even with the the venture capital infusion, which I think was like three million bucks or something like that that gave us cash flow, but it didn't. But it was very clear that the launch of the was going to consume a massive amount of capital. We had to build a whole big new factory. We had to not only joined to be building these consoles, but we had to build all Carpi ges package someone, you know. It was. It was just. We knew that it was going to be very successful product, but we knew that there was no way we could cash flow it into the consumer replace so that being the the underpinnings.
"general electric" Discussed on BizTalk Radio
"Folks it is always good to be prudent Sorry Great. Song Welcome back it's the. Ray program a leading recessionary indicator is, flashing red what investors don't appear. To care They're obviously you're talking about, the yield. Curve it's flattening out. And just about every time you have. A flat to inverting yield curve You end up with a recession but this is part, of, the problem. Number I was talking earlier about the half. Life of investment strategies or the half-life of just about anything medical knowledge technology et cetera And and and the fact is that just because, it used to happen this way doesn't necessarily mean it's gonna happen this. Way it may not be that an inverted yield curve predicts, a recession ahead it could be a trade. War could be something else and this is why everybody must have some kind of a plan b I'll tell, you, what else This whole subject of diversification has become far more compelling in the. Very recent past those so-called stock pickers I'm mentioned three stocks three while. Two very popular and one stalwart supposedly let's start with, a stalwart General Electric have you seen what g. has fallen to a. Nine year low General Electric G. e. was the original Dow stocks And it's. Falling what, the twelve bucks. A share that's like I don't know two thousand and nine price More recently Tesla's been in the news j. p. Morgan is expecting tesla shares. The fall, back to one, hundred and ninety five bucks Representing a thirty six percent. Downside to like last week's. Close which is already down. What seven percent forty some odd percent decline that's what they expect Because Elon Musk had an evidently unfunded plan to go private and now is in. Trouble with the SEC Yeah and without Elon Musk who knows if there is a tesla I don't know But he. May be, asked to step down from the board etc I don't know I wouldn't, I'd say you. Know. Slap the guy on, the wrist and let them keep planning, but is tesla An automobile company are they, a battery company Are. They gonna take flight Tesla's to. The moon I don't know Facebook We we saw a big blow up and Facebook a week or two. Ago we don't. Know this is why you have to be. Diversified half the be. Diversified. Okay let's move on to a couple of. Things IRS provides guidance on five to nine, plans All right so. The treasury has given. Us. Some guidance based on the tax cuts and. Jobs act first distributions from five twenty nine Can. Now be. Used to pay up to a total of ten thousand dollars of tuition per beneficiary regardless of the number of, contributing plans Each year that's every year ten grand at an elementary or secondary public private. Or religious school of the beneficiaries choosing This is big remember I don't know months. Ago I talked about how you could. Set up the future grandchild's five twenty nine plan all of a sudden it's starting to make a lot more sense to me so. You can name anybody you want as, the beneficiary if. You're the owner of the contract And you can always change that so if you name your grandchild as the beneficiary and the grandchild. Is already in college got us scholarship You could keep it in the grandchild, name when that grandchild gets married and has a great grandchild for you you can change the name to the great grandchild by the time. The great grandchild wants to go to the parents. Want he or she to go to say a parochial school or a private high school they can tap into the. Five twenty nine plan you may have set up for your grandchild or maybe even your, child who knows So ten thousand bucks per year It's pretty good. It's no longer secondary college education. It can. Be for elementary school it's fantastic Next in another chain stemming from last year's tax reform the IRS and treasury are permitting. Funds, to be rolled over from a designated beneficiaries five to nine plan to an able. Account now able. Accounts are tax favored accounts for. Those who become disabled before age. Twenty six They're. Designed to enable the disabled and their families to save and pay for disability? Related expenses The rollovers from twenty five twenty nine plans together with any. Able contributions which I think are like fifteen thousand bucks a year are for those designated beneficiaries The third change which involves tuition. Refunds that can be rolled back into a five twenty nine plan the change allows a student who receives a refund of tuition or other qualified education expenses Often as, a result of dropping classes mid semester to, Rican tribute the tax refund to any of his or her five Jeanine plans within, sixty days so. Make a note of that and those changes if you have a five twenty nine plan Okay we gotta go to break shortly but there are two things I need. To cover when we come, back one is the tax planning sweet spot that you may be in right now and if you're not it's important that. You know about it and then some things you should do in anticipation. Of the next downturn not that we anticipated downturn but if in fact a downturn comes what you should have in place and that's coming up next on the Ray program also emails you can Email me right now go to raylucia dot com. R. a. y. l. u. c.. I a. dot. Com and take on the ask Ray button What ten things successful retirees do Community engagement, robust social network Part-time work fulfilling, hobbies well thought, out plan positive family relationships, mentoring someone, or coaching them physical activities supporting a cause.
"general electric" Discussed on Newsradio 830 WCCO
"In downtown Minneapolis this is NewsRadio eight three oh Here it. Is already another Saturday and see c-o-l-l-i-e-r nice to have you around any long. Here Dennis is back. Flying. This Jumbo aircraft today did you have, a good week Dennis a great week glad to hear it it is yes seventy six at six. O'clock in the morning seventy six degrees here in. The twin. Cities and overcast and we. Were looking at Denison either radar it may be. Raining where you are right. Now I'll ready we're going to be getting some shortly will keep you informed of. Any amounts maybe they're at least today they're talking. About quarter to a half an inch possible here in the twin cities, Eighty-one will be the high today with those showers you stay tuned to see CO this as I said. As a Saturday August. Fourth It is the two hundred sixteen. Day of the year Dennis just one hundred forty nine days left in. This year Some. Of the things that happened this day in history let's. See what do you think the US coastguard had is beginnings This day I'm sorry nineteen twenty would you believe seventeen ninety George. Washington the president then signed a measure authorizing a group of revenue cutters to enforce tariff and trade laws and prevent smuggling so the Nutley that was the beginning of the US coastguard seventeen ninety plans for the. City of. Chicago were laid out this day and he guesses when Seventeen ninety eighteen thirty For the windy city Speaking of George Washington today back. In seventeen fifty three this date became a master Mason On this day radios, that is amazing how they they named way back when radio stations different who've numbers. Letters radio station to x. AG Later it was w g y the General Electric station in Schenectady, began experimental operations from, one hundred thousand watt transmitter Later the FCC regulated the power of AM radio stations. Do not exceed fifty thousand watts. On quote clear channels were few if any stations would cause interference with each other. That year was nineteen twenty seven we. Went on the air here, at c. CEO formerly w. l. a. g. right nineteen twenty four was the year We'll talk more about that as. We get closer to that date If it just joining us seventy six degrees c with the dew point is sixty four humidity is sixty nine the Windsor southwest. At, nine and we do expect showers here in the twin cities today Dennis I know you've heard about this young girl But it was nineteen forty four Nazi police discovered and Franken her family hiding in secret quarters, above her father's factory in Amsterdam She was fifteen years old Of course you kept a diary of for feelings or thoughts and fears during the two. Years hiding from the Nazis she and her sister were. Taken to a. Concentration camp following the arrest they. Both died at Bergen Belsen her diary was found later since been. Translated into thirty different languages Then adapted as. Dramatic play, in Hollywood film her diary as a symbol of the strength of the human spirit she wrote among other. Things I keep on trying to find a way of becoming what I. Would like to be what I. Could be if there weren't any other people living in the world There was this date nineteen forty four Dennis have you ever ridden? On a motorcycle or had a motorcycle Yes Can you imagine and I hope you? Don't Getting a. Just. Going, over two hundred miles an hour no well. A guy by? The name of Wilhelm hurts Was, clocked at two hundred ten miles an hour In utah He became the first person to raise a motorcycle over two hundred miles an hour of the year was nineteen. Fifty, six wow There was no follow up story of Mr.. Hurts Let's see by the way it six sixteen a Mike Lynch is star watches coming up in. A matter of minutes as a matter of fact. And I Mike sent. Me a text from Ireland he and his wife Kathy aren't a good neighbor tour there. And their sound like they're having a great time he admitted he may have been. Having a pint while he sent me, that note I it it was it was readable but. They're. Having a good time Mike Lynch in Ireland yeah he said. He was at a an Italian restaurant in Kilkenny He didn't I, didn't know. What he. He had for dinner but a nineteen Eighty-three was the New York Yankees outfielder Dave Winfield through a baseball during warmups and actually killed..
"general electric" Discussed on KMOX News Radio 1120
"Please hurry i have a busy schedule doc you you may go in mr young hello dr jones do you still think you're a refrigerator yeah don't worry mr jones i want you to go home and sit in the corner and say to yourself i'm a man i'm a man until you're positive you are not doctor i know i'm frigerator can you be so positive you come on your westinghouse all while you certainly fooled me with at uniform on i thought you for general electric apparently he didn't like my because he left both behind mine was rather on event one other interesting case was a musician drummer names believed he was a saint bernard you always brandy around his neck and went out looking for people itself i want he found them he would rob them the brandy to celebrate rather difficult to understand why sammy look more like a mexican herald my nurse came into the office once more any more patients mitchell dr do you mind if i leave for the day no you may go oh just a minute there's mitchell i want you to know that you've been a great help to me i never gotten where i am without you thank you dr how long have you been with me seven years and what am i paying you now dollar an hour and car fair that's not very much it is when you consider i live in tasmania this moment that i made up my mind what he had to be postponed because i received a call applied to.
"general electric" Discussed on WCBM 680 AM
"That shave twenty years earlier edison had become was yeah she went to bill gates of his time to steve jobs of his time he was the inventor who wouldn't granted the invention factory and she was the head of his own company called general electric which now is general electric universal owning comcast owning movie studios owning nbc she was ahead of that and so he was now one of the corporate mega mogo in the united states and when he announced that he was working on a device to contact the dead he was subjected to the most horrific blow back from politicians from other corporate executive and from the entire religious community that accuse him of technology and so brightened his board of directors it general electric of his family members remember his son was going to uh i was going to be the governor of new jersey and so it's so frightened old with people who who really own view fortunes to edison that they forced it that they forced him to back off his theories even though he's still kept working on this machine and in his journal they excise the journal semi only copy of the chapters on white units and reincarnation hand sperm mia ufos and extraterrestrial or those chapters only turned up any french translation of the journal from the 1930's and then that was weak translator back into english and that's what i found it while is there any similar a sort of reaction from the tesla loyalists i i think that the tesla folks would be more open to this and in the in the book you have a quote from tesla's journals where you say he wrote physics extends beyond what is scientifically known today the future will show we now call a cold or the supernatural is based on a science not yet developed that's exactly right instead of a blow back to tesla the only grow back to task believe it or not came from the united states government we can talk about later but it was the us government that was really on top with catholic toward the end of his life but in terms of his iq and and also when he was building his radio tower septa though a white perform.
"general electric" Discussed on KELO
"From his published journal in other words is family edited out although we call them now uh paranormal chapters and one of the reasons was there that um in the decade up his life edited was no longer just an inventor should cut a wet that twenty years earlier what editor now had become was a uh a good she went to kill gay took his time to steve jobs of his time he was the inventor who wouldn't granted the invention factory and he was the head of his own company called general electric which now is general electric universal owning comcast owning movie studios owning nbc she would he would go ahead of that and so he was now wanted to corporate mega mogo in the united states and when he announced that he was working on a device to contact the dead he was subjected to the most horrific blow back from politicians from other corporate executive and from the entire religious community that accuse him of duma knowledge and so brightened board of directors it general electric out his family member who remember his son was going to uh i was going to be the governor of new jersey and so it's so frightened all with people who who really own dear fortunes to edison that they forced it that they forced him to back off his theories even know he's still kept working on this machine and in his journal they excise journal really only copy of the chapters on right units and reincarnation hand sperm mia ufos and extraterrestrial or those chapters only turned up any french translation of the journal from the 1930's and then that was weak translator back into english and that's what i found it while is there any similar a sort of reaction from the tesla loyalists i i think that the tesla folks would be more open to this and in the book you of a quote from tesla's journals where you say he wrote physics extends beyond what is scientifically known today the future will show we now call a cult of the supernatural is based on a science not yet developed that's exactly right instead of a back to tesla the only grow back to tackle a believe it or not came from the united states government we can talk about later but it was.
"general electric" Discussed on 1410 WDOV
"By from his published journal in other words his family edited out all grown we call them now uh our normal chapters and one of the reasons was there that um in the last decade up his life edited was no longer justin inventor colonel west that shave twenty years earlier what edison add com was it a f a she went to bill gates have harmed steve jobs of his time key ways the inventor who wouldn't granted the invention factory and she was the head of his own company called general electric which now is general electric universo owning comcast owning movie studios owning nbc she would go ahead that and so he was now wanted to corporate mega mogo in the united states and when he announced that he was working on a device to contact the dead he was subjected to the most horrific blow back from politicians from other corporate executives and from the entire religious community that accuse him of dum analogy and so whitened his board of directors it general electric of his family members remember his son was going to are always going to be the governor of new jersey and so it's so frightened all with people who who really own dear fortunes to edison that they forced it that they forced him to back off his theories even though he still kept working on this machine and in his journal they excise journal for me only copy of the chapters on white units in reincarnation hans permier and ufos and extraterrestrial or those chapters only turned up any french translation of the journal from the 1930's and then that was weak translated back into english and that's what i found it while is there any similar a sort of reaction from the tesla loyalists i i think that the tesla folks would be more open to this and in the in the book you have a quote from tesla's journals where you say he wrote physics extends beyond what is scientifically known today the future will show we now call a cult of the supernatural is based on a science not yet developed that's exactly right instead of a blow back to tesla the only grow back to tackle a believe it or not came from the.
"general electric" Discussed on KTRH
"Of the reasons was there that um even aware decade up his wife edited was no longer just an inventor colonel west that cave twenty years earlier what it is it had become was a f a she went to bill gates of his time scoop jobs of his time would be granted the invention factory and she was the head of his own company called general electric which now is general electric universal owning comcast owning movie studios owning in dc ahead of that and so he was now wanted to corporate mega mogo in the united states and when she announced that he was working on a device to contact that get he was subjected to the most horrific blow back from politicians from other corporate executives and from the entire religious community that accuse him of juvenile with you and so and board of directors it general electric of his family members remember his son was going to uh i was going to be the governor of new jersey and so it's so frightened all with people who who really own view four edison that they hoisted that they forced him to back off his theories even though he still kept working on this machine and in his journal they excise journal privy only copy of the chapters on white units and we're gonna cry news shen han's sperm year and us frozen extraterrestrials although shockers only turned up in the french translation of the journal from the 1930's and then that was weak translator back into english and that's what i found it while is there any similar sort of reaction from the tesla loyalists i i think that the tesla folks would be more open to this and in the in the book you of a quote from tesla's journals where you say he wrote physics extends beyond what is scientifically known today the future will show we now call a cult or the supernatural is based on a science not yet developed that's exactly right instead of a blow back to tesla the only grow back to tackle a believe it or not came from the united states government we can talk about later but it was the us government that was really a couple of catholic toward the end of his life but in terms of his iq and and also when he was building his radio cowesett go a why quang island at white a quick long island which.