and management prowess, will split into three public companies, drawing the curtain on an era of modern business—the dominance of industrial conglomerates.
The decision, announced Tuesday by Chief Executive Larry Culp, ends the myth that GE wielded a magic touch to run companies better, and make everyone richer, through its management of varied enterprises around the world.
For a century America was the symbol of the Free world and Democracy ,now not anymore !!!
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I don't want to pay for this story, so i'll give you a quick summary without having any information...They have 4000 managers and 10 engineers...lol (same as WSJ)
GE breakup? 1) Why? 2) U.S. tax policy 3) Why? 4) Anti-Christ Communists infiltrated Democrat Party started tax in 1913 5) Historically high taxes caused the breakup of ancient Israel 6) Is the GE breakup a bellwether for USA from Democrat push for higher taxes?
Ah yes, the glory days of American industry: 'We make washing machines...and bombs!'
Amazon next.