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's Decentralization - What Happened to GE?

GE became so large that Ralph Cordiner from saying that correctly was it's newly appointed CEO and he chose to decentralize it. That backfired big time during this electric conspiracy scandal where basically the manufacturers started colluding on the prices that they would charge customers. John Flannery who became the CEO brought Larry Kulp onto the GE board who was the former CEO of Dannerher which is famously like Brooks your Hathaway and sort of an agglomerator but without a very small central authority.

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