Charlie Rose

Listener  10/31/2008 01:05 PM Report

I must say that the most impressive participant, the one who has breadth and depth of views, is Mr Mahinda. Mr Inmelt is an egocentric middle manager who is well out of his depth managing GE and sitting on this panel. GE and the world are not the same thing, Mr I.

Jeffrey Fry  10/27/2008 01:28 PM Report

For a conference on leadership, very little was spoken about the subject. A lot was discussed about what should be done, and what leadership qualities will be needed to achieve it. Other than that, it was a interesting on what these masters of the universe had to say. Anand Mahindra really had the best insights, and John Doerr just kept talking about his Green ideas. Yes, that is important, but not in this discussion. Really off topic.

MomsHugs  10/25/2008 04:13 AM Report

Dear Charlie ~

Wish you would bring on a panel to discuss the energy crisis in the 70's that resulted in Congress passing the National Energy Act of 1979, including the Public Utility Regulatory Policy Act & National Gas Act. The NEA was expensive to pass & incredibly expensive when considering federal & state hearings that went on for years - total cost of which 'trickled down' to customers.

Federal & state utility rules & regulations were intended to restructure rates to match users' cost of service, conserve energy, & encourage investment in alternative sources of energy.

Congress even legislated a special provision in the bankruptcy code to protect utilities from being discharged by a debtor.

Natural gas shortages driving this expensive endeavor then seemingly disappeared when caps on gas reserves were removed, and then there was a natural gas bubble! Northern Natural Gas Pipeline did build the pipeline to bring Alaska natural gas across Canada to the Lower 48 states through Chicago. (NNG built it ahead of schedule & under budget, too.)

One would think this country has never dealt with such energy issues before. The economy was struggling with stagflation then, too, & later inflation. Sound familiar?? SO... what happened in the intervening 25 years?

Consider the impact of 3-mile Island, Chernoble, & the issue of spent-fuel disposal on buildling more nuclear plants. But do NOT forget to consider the impact of the Sup.Ct.'s decision in CT to allow private entities, not merely governments, to use eminent domain to build (& profit from) infrastructures for the greater good.

T. Boone Pickens is a case in point. Pickens made billions supplying natural gas during what was supposedly an energy shortage crisis. NOW he is seizing upon eminent domain to profit greatly by building wind turbines & transmission for the public good. Wind turbine technology is not new - it was developed over the course of the past 25 years by people who's names are not in the news nor able to buy airtime for ads.

Charlie, please... take the public back in time, do a series & expose this horse pucky!

MomsHugs [http://momshugs,blogspot.com\

Retired energy lawyer (state & federal)

sock puppet  10/24/2008 09:28 AM Report

I have a terminal case of ivy league fatigue. Firstly, as queried before, if they're so damn smart where were they when we needed them? Why weren't they heading us off at the TOP of the financial precipice? Nextly, the ivy league schools produce nothing but ENTITLEMENT preppies with silver spoons protruding from their rosebud sphincters, with prepurchased passes to the government largess - a la the Bush dynasty et al. The insufferably arrogant Skull and Bones of Yale, running our country like it's an effete fraternity. Ivy leaguers makeup a large part of our leadership - governmental, corporate and financial. Considering the shape we're in, nuff said. M-I complex preppies willing to preempt war and murder for profit, financial wise-guy preppies willing to leverage their investments with OPM for their golden chuted offshore tax-free existence. And we wont catch on in the next hundred years either. Enough to gag a maggot!

Allen Anderson  10/23/2008 10:22 PM Report

An excellent program. It is apparent we need more people with business expertise in government.

One of Mr Immelt's comments truly struck me.

If I remember correctly he said three of the four primary pillars of a strong nation are:

1. An excellent education system.

2. energy Independence.

3. A strong healthcare system.

4. I don't recall but I will order the program.

If he is correct, our congress is an absolute failure. We need an entirely new group of

elected officials.

Allen

J.J.  10/23/2008 06:40 PM Report

Your esteemed Panelists confirmed the thick plot around the presidential campaign. tell us who dunnit. Help me with my simple story to a young friend, as follows:

really, we all juggle to find a balance for work and taxes.

are u not aware of this prsidential election is going on, big trouble ahead, can u imagine if this black guy be the chief? but of course, he's a puppet just like Bush. Bush felt like one man band in the white house, and lost interest in governing. or the R party believing in letting peoples and businesses do whatever, whatever, so long as their freedom and way of life can go on.

so, all the ill effects and consequences surface to haunt him and his party in the past month. boy o boy, conspiracies we learnt much history. who dunnit? seems like the 'barn' is all empty and leftover were tons of 'cds' debt papers. that was a very complex, intricate businesses generated from the 'mortgages' business. See, lots of clever business peoples screwed up the system and country. it's like a financial tsunami to topple the government. Every one would say America is so rich. Now, it's all about debts.

like every election, those liberals democrats are most livid but not directed at their reps in in the congress, in the Senate or the House. the GOP Neocons are clueless and disoriented.

This election the Dems came up with a new profile like Sen. Obama. He is Black with 95% Black population support, he's Christian with lots of muslim friends, and he's a lawyer able to talk.

what we saw on TV and mainstream media are absolutely biased, lots of comments and messages churned from one source to sing praises of the Black candidates. And all the peoples' money too as this time around, it is vindication for Black peoples, and it is a heavenly opportunity in the American history. you can tell if they are your better work masters.

we would call it a conspiracy, because it is pulled together by some economic-political genius. how else would a multi-trillion dollars finance and banking systems collapse at the peak of an American Presidential Campaign. Pundits said it is the faults of the Bush administration. Is this the follow up of the last time when Bill Clinton won with the theme 'it's economy, stupid' and a very strategic campaign. 20/20 hind sights, the so-called tactics were similar to those of many socialists and communists' successes.

Now it's the American peoples who are faced with this dilemma. On November 4, it will be a new day and a new way of life in America. Everyone is faced with big changes, if that were what asked for.

People are stable for too long and believe in change.

Indeed it will be a democrats' socialist agenda. Lots of people around want fair treatment to the richer people. It's pay back time for the new chief, and he said he would help the poor, or his government helps the poor. Is it gonna be U against me situations? There is no fight in Congress because it will be all Democrats. Hail to the Chief, he will have a mandate.

we can go and visit the local parties and look, see.

Gaurav Sharma  10/23/2008 01:04 PM Report

Thank you Charlie...As always this was a great talk......'leadership' is the need of hour; and what better country to show us the way than the USA.

I agree with John Doerr that all these financial crisies and recession stuff will appear a mere speck or walk in the park compared to global energy/environment crisis. We are running an uncontrolled experiment in the only home that we have. It time to take immediate action..and every nation has to contribute.

best , Gaurav

John  10/23/2008 08:39 AM Report

While I find most of your shows engaging and thoughtful, this was a boring show filled with platitudes and shop-worn comments. Perhaps this panel concept just doesn't lend itself to spirited dialogue.

I found that I knew nothing new from what I knew going into the show.

Don  10/23/2008 08:39 AM Report

Charlie,

That was a great show.

I realize after listening to Jeff Immelt why GE is on the ropes.

GE has 45% of its business based on financial services. He mentions liquidity dozens of times as if financial services is the only way for GE to make money.

Also Mr. Immelt’s ego sets the tone for the entire GE Executive force.

“I’m sold out on Jet engines for two years. I’m sold out on Wind turbine for two years”

There is no “I” in team. Jeff must think he owns GE, along with many of GE division’s heads that refer to GE employees as Their Team.

Anne Lacey  10/22/2008 09:22 PM Report

Dear Charlie Rose, thank you

Marie Gilliam  10/22/2008 03:53 PM Report

Dear Charlie,

Another wonderful show. Anand Mahindra was absolutely delightful & very wise. We need men like him in OUR Government. No wonder India has been so successful. Of course, we made them rich by sending U.S. jobs to their country, while putting our own people out of work. They made the best of it & are now far ahead of the U.S. Even going to the moon!! Like us, they've spent billions on outer space while they have people living in the streets & starving.

I watch your show every night. You have the best guests. Hopefully, in time, you will interview Ali Abbas, the Iraqi boy who at 12 yrs. old, lost both arms, was badly burned & orphaned during our nightly bombing of the innocent people of Iraq in March 2003. I've made this request many times over the years. It would take a lot of courage to do the show. I pray you will do it one day.

Sincerely,

Marie Gilliam

Katy, Tx.

barry  10/22/2008 12:46 PM Report

I can only hope the common sense I have seen in this program can be understood by our country. Of course this is a big wish, but if it could happen can you imagine how this direction could turn our world towards real improvement. How can we get this across better than by asking people to give this program a half hour of their time.

Charlie  10/22/2008 08:00 AM Report

Awesome shows. Don't get your show on TV in my country. Last few episodes featuring Volcker, Buffett,Harvard Leadership were awesome.If possible try to get Charlie Munger on your show.

gloria schroter  10/21/2008 10:45 PM Report

Great comments from most of your panel but most insightful ones from Anand Mahindra. Why not get rid of the 'specialty' university and the likes of business schools and focus on building the university as it was meant to be-a learning institution for all and about all. The liberal arts faculties are always the ones that suffer from 'cuts' and therefore we as a society suffer and produce generations of unbalanced individuals that pass themselves off as 'experts'. Let's start doing it 'Right' and use the right side of our brains also! Love your program Charlie.

Louis Zalany  10/21/2008 09:49 PM Report

Charlie: Bravo! The best show in perhaps the past 2-3 years. A copy of it should be given to every candidate in the upcoming election and they should be forced to memorize it as New Politics 101.

One key point stressed by Immelt and supported by others was that business and government MUST come together. They cannot be mutually exclusive any longer.

reza  10/21/2008 08:57 PM Report

Americans Spending money they don't have??!! that's how these rich folks and the ones in audience have control over people. They have them underpaid and keeping them under debt!! that's how capitalism works now we are going global!!!

I wonder why that Indian fellow keep sucking up to Americans.....yack

sl  10/21/2008 08:56 PM Report

The best show I have seen this year. Thank you Charlie. What a candid discussion. The panel put forth great points and did it in a way that appealed. Anand specially was very interesting. I didnt know who he was and looked up the web to find out he heads a $7B company, one of India's largest.

Austi Tao  10/21/2008 08:39 PM Report

Simply the best program I have watched this year any where! I hope that this will be shown repeatly many times. I also hope that our next President will get to see this program, better yet he should hire the whole panel.

Zach from Charlotte  10/21/2008 06:21 PM Report

Charlie, Wow. Great show last night. You never ceased to amaze me all the while keeping America well informed in a bipartisian fashion. The show last night is exactly how I see life, however, you found the imagination and know how to bring these ideas that lots of people are having into words and into a one hour show. Thanks, Charlie, keep them comming! America will listen. You have fallen into the foot steps of the late Tim Russert while staying out of the true political arena.

DJackson  10/21/2008 06:03 PM Report

My son and I tuned in a bit late but what a fascinating show. As my son said, "That was way more interesting than the debates!" Charlie was correct -- too bad this sort of conversation isn't heard across the nation.

tom sherer  10/21/2008 04:59 PM Report

Population Population population.

The third rail of ALL our future problems.

Tom Sherer

Ramesh  10/21/2008 04:19 PM Report

Great show which had me laughing out loud several times. I believe that these folks have a confidence that has been lacking as we move through the financial crisis. I particularly like Anand Mahindra for sharing his very frank views on President Bush and the candidates. On that point however, I think he is attributing too much credit to Bush for the warm relationship between India and the US. That relationship started with Clinton's visit to India and has continued through the Bush Presidency.

I think if Obama wins in November, India will emerge as a key ally of the US rivaling even the closeness shared between the US and UK. India

One final point, I appreciate Wolfensen reminding the panel that we need to consider global environmental and poverty issues that will play an increasing role in the world of corporate management. As government coffers empty out and businesses globalize even more, this will become an increasing responsibility of business leaders.

John Brown  10/21/2008 03:37 PM Report

Hey Pay Attention! News flash!!!! More that three quarters of the United States does not like the way Bush is running the goverment and the country. Look around and talk to your neighbors and see what they think of him then go ahead and jump to conclusions.

PAY ATTENTION  10/21/2008 03:14 PM Report

Good show. A couple problems though. (1) Everyone on the panel got smart and got rich thanks to CAPITALISM and FREEDOM. How can it be that so many viewers liked this show when everyone on the panel is a CAPITALIST PIG who should be tossed in jail... like most Obama followers seem to think will solve all our problems. (2) Midway through the show Anand Mahindra made a very simple and very TRUE observation... that not everyone in the world hates Bush, instead countries like India have NO PROBLEMS at all with Bush supporting free trade or the global economy. BUT, when he makes this very simple and true comment, contrary to everything the liberal media has been telling us for years now, 95% of the audience about freaked out. Again, liberals are so far out to lunch they can't even hold it in. This country is going to the dogs thanks to the liberal belief that CAPITALISM is bad and SOCIALISM is good and regulation will somehow solve all the world's problems. Well. B.S. Not everyone in this country or even in the world sucks up to this way of thinking. I was glad someone like Anand Mahindra had the balls to tell it like it is vs. just saying what is politically correct now days.

Gina  10/21/2008 02:35 PM Report

Charlie, one of my favorite shows by far. This show was positive and uplifting with great sense of humor and circumspection. Reminded me of a Town Hall meeting from someone's living room with great insights from all of your guests I loved it. kudos!

Alex  10/21/2008 02:17 PM Report

Alex

techriter@hotmail.com

Agnes, I agree with your statement

"Obama is not likely to reverse outsourcing to the detriment of India, no one man has that kind of power, but what he will have to do his utmost to prevent is to keep the US from switching places with India, and China of the past. Let these economic times be a warning; things happen for a reason."

But what I cannot understand is this:

No, Indian or Chinese came here and put a gun to any of our CEO's head and said "Outsource now or you are dead!"

Right in front of the Congress is a bill which started as sending 100,000 Indian techies home but withdrew immediately when INS produced a list that started with Russians at the top and Indians in the fourth or fifth place, still many more down.

What was most intriguing was while no congressman supported Indians, all CEOs who deposed before the Congress, supported them producing evidence of how their productivity went down and why they had to send jobs abroad.

So, basically I think our CEO's need to be patriotic first. May be we may also have to change our work ethics, but I am not sure about that.

Ed Triebe  10/21/2008 02:11 PM Report

This hour was the best TV I seen this fall season. Thank you.

C D Lindberg  10/21/2008 02:10 PM Report

Thank you SO much, Charlie, for your informative programs! I never miss one. I only wish you were on main stream media at the dinner hour so more people would watch. I appreciate that you put the programs on line. I send them to many friends who don't stay up

late. Your Harvard panel, Sheila Bair, & Paul Volker were the best ever. Also, thank you for the great panels on politics/debates. Great work! You are educating our citizens.

Michael G  10/21/2008 01:54 PM Report

Firstly, I really enjoyed the show. Thank you Mr. Rose for another great discussion. Secondly, I think the earlier comments made my D. Tough go overboard in his or her criticism of Charlie's "lack of journalistic neutrality." I do not think that Charlie or Meg consider themselves more intelligent than Bush. In conclusion, I have shared this program with friends and once again thank you for a great show.

Peter Montaner  10/21/2008 01:21 PM Report

At the end, Wolfensohn agrees with only 'three' of the four panelists for their remarks on leadership. Who does he exclude and why?

Peter Montaner  10/21/2008 01:21 PM Report

At the end, Wolfensohn agrees with only 'three' of the four panelists for their remarks on leadership. Who does he exclude and why?

TABS  10/21/2008 12:52 PM Report

Sometimes the most simple solution is the most effective solution. Trees are great carbon sinks. They transfer CO2 into Wood. THE WORLD NEEDS TO START A GLOBAL REFORESTATION PROGRAM. The effects of the massive world deforestation in the past 200 years has had an underated effect on Global Warming. Wood is also an economic commodity which provides material for homes, furniture, fuel and food. Within 50 years of the start of such a program one might see that the effects on Global Warming might be very dramaitc indeed.

Agnes Fleming  10/21/2008 12:13 PM Report

This was one of the best panel discussions I have ever had the good fortune to fall in upon, meaning it was at least a half hour into it become I came upon it. If only we could have more of them. Charlie is doing a great job in this pre-election period, especially immediately after each of the debates. But please put on more such panels as he had last night. I especially liked Anand Mahindra's comment that his head wanted McCain in the White House and his heart wanted Obama; I think he should go with his heart in this instance. Indeed, India has profitted enormously from the Bush era, with all the outsourcing, however, the next American president is going to have to deal with all the borrowing and the vast numbers of US citizens being put out of work as a result of globalization, which I believe McCain will continue. Obama is not likely to reverse outsourcing to the detriment of India, no one man has that kind of power, but what he will have to do his utmost to prevent is to keep the US from switching places with India, and China of the past. Let these economic times be a warning; things happen for a reason.

M.P.C.  10/21/2008 12:09 PM Report

What a wonderful breath of fresh air from a panel of leaders that have proven their abilities as leaders on a myriad of different platforms. More importantly I feel that this is such an important topic concerning the times that we are living in right now. People need to be informed on what we need as a leader because unfortunately the majority of the public doesn’t understand the core attributes that are conducive to a great leader. Thank you, Charlie Rose for presenting quality programming that just might give answers to problems instead of perpetuating them.

D. Tough  10/21/2008 11:16 AM Report

Thank you for the wonderful panel of business leaders, with the exception of Meg Whitmire, whose comments were not of the calibre of your other guests. Charlie, I wish you could be true to journalistic principles during your show. Your disrespectful response ( as well as Meg's) to Anand's statement that he approved of Bushs' policies reveals your vanity and weakness. The laughter shared by you and Meg reminded me of a pair of college students who cavalierly refer to their leaders as "idiots", the presumption being that they are smarter than their leaders despite the fact they've done nothing to indicate a superior brilliance. Charlie, you're a journalist, who reads and interviews folks. Bravo! You've really taken risks, haven't you? Or have you merely played it safe. Why disparage so readily people who have had to make far more difficult decisions than you, have had the guts to make unpopular decisions, have had to go to bed with images of wonderful young men killed in defense of our country, why show so little respect for men who have done more than you? Why???? Why do you feel the need to presume you are more intelligent? I seriously doubt that you or Meg are superior in intelligence to Bush. Whether you are or not, ask yourself why you need to think you are and why you need others to think you are. If you can answer that question, you will finally become a top rate journalist whose work will truly matter to mankind. You'll finally understand true responsibility as a man.

charlies sheep  10/21/2008 10:19 AM Report

ROARS THE HOT WALLET OF BOONE PICKENS ACROSS THE LANDSCAPE--STILL TRYING TO LIGHT THE ETERNAL FAME [HIS AMBITION}IN THE FLAME OF HIS MONEY--WHY OH WHY WONT REAL PEOPLE SEE THE OPPORTUNISTS AS THERE TO SWEEP UP--- NOT LEAD-- BY EXAMPLE--HE WASNT THERE IN THIS CRISIS--SOLD HIS SHARES IN SHALE PRODUCTION BECAUSE HES OPPORTUNISTIC--RATHER THAN BE AMERICAS HERO TO SAVE OUR ECONOMY FROM 7 SISTERS--MAY HE BURN HIS MONEY IN HELL WITH NO FURNACE TO PUT IT IN

Brian  10/21/2008 08:56 AM Report

Anyone looking for a video of last night's program - A Conversation About Leadership from the Harvard Business School - can find it on the HBS website at the following address:

http://www.hbs.edu/centennial/businesssummit/charlie-rose.html#begin

Enjoy it!

TABS  10/21/2008 07:21 AM Report

What the world needs, does not realize but is moving in that direction on its own hook is a GLOBAL FINANCIAL REGULATORY SYSTEM. Let us quickly look at the facts of the past month. The failure of LEHMAN signaled the failure of the current financial system. The US government moved to center stage and FAILED to pass the "B Bill" the first time out, signaling a dysfunctional US government ergo a failed government (This was the pivotal moment, which has made a choich of McCain, Obama largely irrelavant as their effectiviness is going to be minimal going forward) By the time that the US government got its act together events had moved on and the passage of the "B Bill" was INEFFECTUAL at stemming the tide of the crisis. Third it took the action of the G-7 or Super Daddy to act in a coordinated manner to stem the tide of financial collapse. This in effect means that the US is no longer the center of the universe financially but has now been eclipsed by a Super governing body in the G-7 which represents combined Global financial resources. In the scheme of things local politics are going to be just that local, the real locus of power will increasingly be with the coordinated action of the G-7. Thus the quicker that the G-7 establishes universal financial regulations the less chaos and cross purposes of effort will take place. Further with a G-7 acting as a super agency, it will force the US to come into line with its deficit spending or suffer the consequences of its actions.

Gaurang  10/21/2008 05:01 AM Report

Amazing amazing program. Am new to American television, and have just watched 3 of charlie rose's programs in the last week - and am really impressed. I feel that is probably one of the best programs on American TV, among all categories and channels!!! I will be watching many, many, many more of Charlie Rose programs.

It is simply the one of the most learning in public affairs you can get in a given time..

NewsBlaze  10/21/2008 03:11 AM Report

We love watching your show, the only TV I watch, other than news.

This evening's show was great!

At the end, you wished more people could see it. I think that about almost all of your shows and now I know I can embed your show in my newspaper, I will do it often.

Often, I call friends and tell them to watch and if they can't, I give them a summary. One friend is executive director of the

Energy Education Foundation. Lately, I've been reminding him to watch a lot!

I thought it was interesting that Anand Mahindra talked about lack of confidence and entrepreneurs in India thought they had to tag along behind the US. That has always been true in many countries and in many ways. Part of the reason is there is often little support for local products/people. It is short-sightedness in their own country/area. Often a star has to go away somewhere else to be discovered.

I think the US seems is giving up it's leadership far too easily. You had great business leaders on your show, but the political leadership has lost sight of the fact that it needs to motivate and care for the people it says it is there to serve.

Thank you for doing what you do.

scott beal  10/21/2008 01:36 AM Report

You make Tv Worth watching......Brovo...Just watched the HBS Show....WOW..Great questions and even greater guest's. I started my own company at age 20 (1985) sold it and retired...this makes me want to get back in business as it reaches the 4 corners of the globe and is extremly exciting. Thanks Charlie!!!!!! You remind me so much of Tom Snyder.....another "not main stream"jounalist that was CLASS all the way.

Judith Richey  10/21/2008 01:34 AM Report

As insightful a dissection of our national problem and as inclusive a list of corrective action needed as I could have hoped for and prayed to hear. A synthesis of our collective business and government moral failures and a crystalline statement of our brightest hopes for our future success as a country. As a retired executive who lived the decline of our business character, and the subjugation of our hopes for our corporations futures, watching helplessly as our great hopes for our kids futures were subordinated to short term CEO bonuses, at last a group of business leaders experienced and unafraid to say it like it is, said it, and reminded us that this energy challenge is going to be our finest hour. Play it in prime time Charlie, ordinary people need to hear this panel. Fabulous job by you, as usual, and you can get up tomorrow morning and say, 'hello handsome, this is our best day and let me tell you why' and get my vote for sure. WE can do it, we can kick this energy challenge in the butt and make the brightest future ever, no question in my mind. Thank you for doing this most important show at a crucial time. Screw the naysayers, I've got a vision, don't you?

Ricardo C. Amaral  10/21/2008 01:26 AM Report

October 18, 2008 SouthAmerica: Today October 18, 2008, I bought a copy Fortune Magazine and the cover story is about General Electric asking: Is GE Okay?

________________________________________________________________________

I saw this coming at the time when Jack Welch retired from that company and I was trying to convince a very good friend of mine that he should not add thousands of new shares of GE stock to his portfolio. He already had enough shares of that company, but he did not listen to me and in January of 2004 he bought some more GE stock at around $ 34 per share.

________________________________________________________________________

About 2 months latter when I saw The Charlie Rose Show and Jack Welch was being interviewed, since that experience with my friend was so fresh on my mind then I decided to post on the Charlie Rose Show Message Board the conversation that I had had with my friend about GE stock at the time when he bought a new batch of GE stock.

Right now GE stock is trading around $ 19 dollars per share, and most likely that stock is going to follow the same steps that ITT stock did after Harold Geneen left that company.

That was my opinion in January 2004, and still is my opinion today.

________________________________________________________________________

.

Ricardo C. Amaral  10/21/2008 01:24 AM Report

In March 2004 I posted this information on the Charlie Rose Show message board regarding Jack Welch interview. And I had also posted the following information about GE in a number of forums on the web.

________________________________________________________________________

SouthAmerica: On March 8, 2004 after watching Jack Welch being interviewed by Charlie Rose on the Charlie Rose Show I posted the following on that show’s message board as follows:

Jack Welch reminds me of Harold Geneen the first super star manager in American business. He bought everything in sight in the 1960’s and 1970’s and IT&T became a glamorous company in Wall Street, and Harold Geneen became a legend in American business.

In the last twenty years, Jack Welch built General Electric to be one of the largest American corporations in the world. And today, General Electric is one of the major outsourcers of American jobs to countries such as India.

________________________________________________________________________

I will not be surprised to see General Electric following the same path as IT&T did since Mr. Geneen’s retirement in the 1970’s, when we look back twenty years from now.

Twenty years later, Geneen’s performance didn’t look so hot, and IT&T became just a shadow of what the company used to be.

A friend of mine just bought some General Electric stock recently, and he asked my opinion about that company, and the above was my answer to his question.

General Electric Corp. (GE) - Is GE Okay?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=141766

________________________________________________________________________

.

sock puppet  10/21/2008 01:01 AM Report

Jeffrey Immelt - chairman and CEO, the handsome one, disappoints me as a manager. As I understand it, GE imbibed in the financial koolaid to its detriment. The integrity blip by one of them was tarnished by Mr Immelt's indulgence in the financial tarnish. Impoverished management priorities to jeopordize the whole firm for presumed easy money. Shabby!

Sam Robertson  10/21/2008 12:57 AM Report

Outstanding program and analysis of our time. My question to the panelist would be, "Are we operating in an environment that will force us to take the world forward to , ah la, The (Star Trek) Federation, in order to solve the problems that we face." If so, is trying to manage the problem as a US problem appropriate?

sock puppet  10/21/2008 12:45 AM Report

The recurring query for me is, where were these postulators before the crisis? Weren't the underlying excesses in play for years? The speculative derivative instruments? The hedge fund gunslingers greed? All the things that ivory towered wisdom should've forseen for the rest of us lesser mortals. 20/20 is too easy and largely useless.

shirley crisi  10/21/2008 12:21 AM Report

100TH ANNIVERSARY OF HARVARD BUSINESS SCHOOL

WONDERFFUL PROGRAM!!!!!

PANEL WAS OUTSTANDING!!

CHARLIE ROSE WAS HIS USUAL GREAT SELF.

PLEASE MAKE A VIDEO AVAILABLE ASAP

THANK YOU.

SHIRLEY CRISI

Barbara Sullivan-Parry  10/21/2008 12:08 AM Report

Outstanding program. One more reason I support public broadcasting.

Thanks,

BSP

RE Mant  10/21/2008 12:01 AM Report

You can't bail out the economy any more than you can the climate. Who could possibly think that except a maniac? What is being sold as a liquidity crisis is actually a debt crisis, the same as all previous panics, recessions and depressions. The same irrational liquidity and specious confidence arguments have always been made. From FDR's 1933 inaugural: "Practices of the unscruplous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men. True they have tried, but their effects have been cast in the pattern of an outworn tradition. Faced by the failure of credit they have proposed only lending of more money. Stripped of the lure of profit by which to induce our people to follow false leadership, they have resorted to exhortations, pleading tearfully to restore confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish. The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit." Aside from believing all of the liquidity and confidence hogwash, Immelt has attended far too many managment guru sessions. The Indian fella was right, business needs ppl who have majored in something other than business to begin with. Some years ago the author of an asessment of law schools remarked notoriously that he was uncertain exactly what students learned at places like Harvard, Yale, etc., but it wasn't the law. I'd say the same tho is true about top-tier business schools. This country unfortunately has never been competitive in the way commonly believed, rather it has exploited its natural resources and relied on the education and ambition of a continual stream of immigrants. Re R&D: what sensible country has to hide all of its R&D spending in its defense budget as we do?