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Sabrina 7 month s ago
#5 - Wrong! Welch /saved/ GE. If they had continued on the path they were on prior to him assuming the helm, they would have been out of business completely. You can hate on him all you want for the mass firings, but the strategy was sound - if they weren't #1 or #2 in a market, Welch got them out. It drastically cut operating expenses and returned the company to profitability for the first time in decades.
       
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Aze 7 month s ago
Sabrina,
Look at all the liberal down votes...wassamatter snowflakes, truth hurts?
       
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Erin 7 month s ago
The Bayer AG decided to buy Monsanto when it was already clear Monsanto would get sued a lot in the US. Now, 9 years later, Bayer itself is worth half the amount they've paid for Monsanto.
       
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Ray 7 month s ago
#13 I fine in most cases if you simply ask nicely the wait staff are happy to turn down the sound.
       
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Ray 7 month s ago
*find
       
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Ray 7 month s ago
Missing from this list: Businesses that only accept cash. Even the majority of vendors at farm markets, fairs, art and craft shows, etc. are capable of taking cards. The typical excuse I hear from places that only accept cash is that card transaction fees are too high. Well, it's better than making no money at all, isn't it?
       
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Eduardo 7 month s ago
Ray, it's not when the fees are higher than the profits made
The profit margin on some items are just too low
       
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Lionel 7 month s ago
#8 You mean Tesla?
       
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Mitchell 6 month s ago
#10 that wasn’t their decision, Apple just accused them of pornography and deleted the tumblr app off the apple store
       
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"Haven’t seen it yet but GE making Jack Welch CEO. GE was one of the gold star companies of the US, EVERYBODY wanted to work at GE because you’d be set for life. They took care of their employees, made a ton of money, made good products, what more could you ask for? Then Jack Welch came in and started firing people left and right, eliminating product lines, getting into finance, worrying about the stock growth.Fast forward to today where GE is now three separate companies: Healthcare, Energy, and Aviation. Jack Welch pretty much single handedly broke down a company that was started by Edison and made some of the greatest technological advancements in the last century. That man is the worst"

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How One Mistake Destroyed A Business Empire
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