5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP527: The Epic Collapse of GE w/ William Cohan

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

GE CEO Jack Tuckett Refused to Refuse to Buy Back Honeywell

CNN's John Defterios talks to Jack Welch about his time as CEO of GE. He says he regrets selling off the computer business at one point and then later trying to buy back Honeywell but then walking away. Also regretted firing Dave Cody who was running the major appliance division and then eventually became the CEO of Honeywell after the G's Honeywell deal fell apart. Wrote that if Jack had bought Honeywell it would have made a big difference in tilting the balance of the earnings power at GE back to the industrial side making it less reliant on GE capital.

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