I've seen this kind of thing first hand where the company I work for also prioritize buybacks instead of investing in R&D coupled with commitments to wall street on EPS. When top management stops focusing on delighting the customer and cost cutting is what employees feel as result of EPS pressure --that's certainly a leading indictor of …
I've seen this kind of thing first hand where the company I work for also prioritize buybacks instead of investing in R&D coupled with commitments to wall street on EPS. When top management stops focusing on delighting the customer and cost cutting is what employees feel as result of EPS pressure --that's certainly a leading indictor of bad outcomes.
While the majority of the responsibility should rest with Jeff Immelt's decisions, Jack's decision to pick Jeff as successor --- that was poor management decision and he should own that. One of the main responsibilities of a good manager is to pick good people. With all due respect, he failed in that regard.
I've seen this kind of thing first hand where the company I work for also prioritize buybacks instead of investing in R&D coupled with commitments to wall street on EPS. When top management stops focusing on delighting the customer and cost cutting is what employees feel as result of EPS pressure --that's certainly a leading indictor of bad outcomes.
While the majority of the responsibility should rest with Jeff Immelt's decisions, Jack's decision to pick Jeff as successor --- that was poor management decision and he should own that. One of the main responsibilities of a good manager is to pick good people. With all due respect, he failed in that regard.