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Conveniently excluded from the article is Jeffrey Immelt who was the CEO from 2001 – 2017 who oversaw the demise of GE. I wonder why that would be? Jack Welch who built the company is mentioned, but the destroyer of the company not a mention.
First line of paragraph nine.
The era of the conglomerate is not over yet; the biggest one remains. Warren Buffett’s Berkshire Hathaway.
Berkshire Hathaway is more of a holding company. The distinction isn’t always obvious, but generally speaking BH doesn’t try to manage all the businesses it owns as one company but let’s them stand on their own more.
Berkshire Hathaway is more of a holding company. The distinction isn’t always obvious, but generally speaking BH doesn’t try to manage all the businesses it owns as one company but let’s them stand on their own more.
Perhaps the break-up of the conglomerate formerly known as United Technologies (UTX) was a mere harbinger of things to come with organization of this size and debt weight.