By Kevin Meyer
And today's "pot calling the kettle black" award goes to… General Electric's Jeff Immelt:
The head of General Electric didn't pull any punches. In a speech last week, Jeffrey Immelt said the U.S. for three decades followed the misguided notion that services — not manufacturing — represented the economy's future.
"It was just wrong. It was stupid. It was insane," Immelt said.
Ok, glad you had a burst of self-discovery Jeff, now how about doing something about it. Besides words I mean. Yes I know a couple factories have moved back, but GE has hundreds of factories.
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On a somewhat related note, Bill and I will be in Las Vegas this coming week at the Lean Accounting Summit. If you attend you can even see us perform together (hey, it is Vegas!) at the Townhall Smackdown where the two of us, plus our friend Bob Emiliani and moderator Karl Wadensten of The Lean Nation radio show, will duke it out with the audience. A room filled with hundreds of accountants should be fun. Oh, never mind.
John Hunter says
Immelt seems to say not very insightful and things not supporting his actions. I saw this when he became CEO at GE and haven’t seen any reason to change my opinion http://management.curiouscatblog.net/2005/07/14/fast-company-interview-jeff-immelt/
I hope he is better at running a company than talking about ideas.