Jack Welch
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I was afraid of the internet... because I couldn't type.
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If you don't have public hangings for bad culture in a company, if you don't take people out and let them say, they went home to spend more time with the family. It's crazy.
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Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business.
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Control your own destiny or someone else will.
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If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.