On the surface, you would expect General Electric to be turning in good business results. Most of their divisions are very strong players in their industries, for example GE Aviation, GE Healthcare, GE Power, and GE Oil and Gas.
Bob's Gutsy Leadership Blog
Archive for July, 2017
Tesla makes a very good car and has certainly created high interest in electric vehicles. On the other hand, it’s amazing how regularly the Tesla leader will over-promise and then under-deliver, getting the company into trouble with Wall Street investors. Recently he did it again. Let’s take a look at the details and see what leadership lessons might emerge.
The big news at Ford recently was the firing of the CEO who had been in place for three years. The stimulus for this is the fact that Ford’s business is suffering. Specifically, the first quarter of 2017 saw Ford’s pre-tax profits decrease by -35% versus year ago. Ford’s stock has under-performed GM’s by almost 25 percentage points over the past year. In the three year tenure of the departing CEO, Ford’s stock is down -37%.