Cars on Edison Avenue drive past the General Electric plant in Schenectady, New York
2024-04-04 词
Investors are reaping the rewards. After dithering during the first four years of Mr Culp’s tenure, GE’s shares have been on a jet-fuelled tear. The cumulative stockmarket value of GE’s three successor firms is $237bn. Although that is well below the firm’s peak of $594bn in 2000, it is more than double what Mr Culp inherited. Business-school students have spent decades dissecting the hubristic acquisitions that defined GE’s life. Now they must heed the lessons from its final act.
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