August 13, 2012 |
ATLANTA — Many American companies that had adopted a much-vaunted employee evaluation system have lately been turning away from it. Known as "stacked ranking" or "forced ranking," the process made famous by General Electric Co. is really just a version of what teachers call grading on the curve: a few people at the top, a few at the bottom and the rest clumped in the middle. The practice leaped into the spotlight — at least for people who study how companies perform — when Vanity Fair published in its August issue a profile of technology icon Microsoft Corp.
October 9, 2012
Re "Critics take jab at job figures," Business, Oct. 6 Whenever a news report gives President Obama a positive push, the cynics start their conspiracy dance. Shortly after the federal Bureau of Labor Statistics announced that the unemployment rate had fallen to 7.8%, former General Electric CEO Jack Welch tweeted, "Unbelievable jobs numbers … these Chicago guys will do anything … can't debate so change number. " MSNBC host Chris Mathews got Welch on his program and asked how he came to his conspiracy conclusion so quickly.
November 28, 2000 |
So different in some ways, so much alike in others. Jeffrey R. Immelt, the General Electric Co. manager chosen to succeed the venerated John F. "Jack" Welch Jr. as GE's chief executive next year, is a tall, loping man with an easy manner and warm style, whereas Welch is known for his tough, exacting and aggressive approach to management. But there is no question what they have in common: an indisputable desire to lead and improve a company's fortunes, often through radical change.
January 16, 1995 |
Talks between Turner Broadcasting System and General Electric regarding a possible merger have ended because the two sides couldn't agree on who would control the proposed company, according to executives at both companies. The talks ended after top-level meetings on Friday in Atlanta, where Turner is headquartered. The meetings involved GE chairman Jack Welch, NBC President Robert Wright and Ted Turner, chairman of TBS.
October 11, 2012 |
WASHINGTON -- The number of people filing new jobless claims plunged last week to a 4 1/2-year low. Analysts said the report Thursday probably overstates what appears to be a moderately improving job market. And coming just days after officials reported that the unemployment rate fell in September to a post-recession low, some critics of Obama administration policies may again see political interference in the new data. Thursday's report showed that there were 339,000 initial claims for unemployment benefits in the week ended last Saturday.
October 22, 2011
SATURDAY Good Morning America (N) 7 a.m. KABC McLaughlin Group (N) 6:30 p.m. KCET The Chris Matthews Show Mitt Romney's popularity; Obama's 2012 campaign tactics: Chuck Todd, NBC; Kelly O'Donnell, NBC; David Ignatuis; Gloria Borger, CNN. (N) 5:30 a.m. KNBC SUNDAY Today (N) 6 a.m. KNBC Good Morning America (N) 6 a.m. KABC State of the Union With Candy Crowley Death of Libyan leader Moammar Kadafi; 2012 campaign; the economy: Vice President Joe Biden.
October 3, 2001 |
General Electric Co. and Honeywell International Inc. formally terminated their merger agreement three months after the European Union blocked the $47-billion transaction. General Electric will reimburse Honeywell for some merger-related expenses and agreed to buy two businesses with sales of $35 million a year. Terms weren't disclosed. Honeywell would have had to pay a $1.35-billion breakup fee to void the agreement before Nov. 30.
December 6, 2000 |
General Electric Co. named David Calhoun chief executive and president of its GE Aircraft Engines unit to replace James McNerney, who was named chief executive and chairman of Minnesota Mining & Manufacturing Co. McNerney agreed to take the helm at 3M, the diversified maker of consumer, industrial, and life-sciences products, after he was passed over to succeed Jack Welch as chairman and chief executive of GE. He will join 3M on Jan. 1.
December 17, 1994 |
A possible partnership between Turner Broadcasting and General Electric was discussed Friday at a regularly scheduled GE board meeting, but no deal was on the table and the GE board took no action, sources said. Turner Broadcasting Chairman Ted Turner, GE Chairman John F. (Jack) Welch Jr. and NBC President Robert C. Wright have been in exploratory talks regarding a possible merger or other partnership between the two companies.