General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization | naked capitalism — Yves Smith

Summary:
End of an era.In other words, the lameness of Immelt is the direct result of Welch’s show pony “leadership”. Management succession is one of the most important duties of a CEO and Welch blew that too....Naked CapitalismGeneral Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization | naked capitalismYves Smithhttps://www.nakedcapitalism.com/2021/11/general-electric-breaks-up-symbolizing-decline-of-american-manufacturing-and-the-high-price-of-financialization.html

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