Was GE correct in replacing its CEO?
A nagging thought kept running through my mind when I read #GeneralElectric had replaced Mr. John Flannery as Chief Executive Officer after just 14 months on the job: Was he given enough time to fix this huge severely distressed $120 billion company? My answer is no… It would take at least 3 years to fix a […]
Henry Paulson’s Book: “Dealing with China”
Henry Paulson, Jr. has a new book titled “Dealing with China”. Is this a practical treatise on working with China? Seventeen of the book’s twenty chapters are detailed descriptions of Mr. Paulson’s own personal history while working with Goldman Sachs, as US Treasury Secretary and with the Paulson Institute. It is an interesting personal story. However, the autobiographical […]
Outsourcing from China – Avoiding this Horror Story
A recent article in Manufacturing News described the outsourcing horror story that has engulfed Fellowes Inc. The large paper shredder manufacturer has suffered a significant loss in China. A Chinese joint venture partner stole Fellowes Inc.’s proprietary assets and forced the operation into bankruptcy. The estimated cost is valued at a $100 million. Now the […]
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