RONALD REAGAN's CONVERSION

It is interesting that GE is celebrating the 100th birthday of Ronald Reagan, since its current political policies are very different than those of the Cordiner/ Boulware era, in which Ronnie led GE theater. In addition, GE's ads assert that the company learned from Reagan's political and economic wisdom.

The reality is that it was GE that converted Reagan and not what is being promoted.

When Reagan joined the GE Theater he was a LIBERAL DEMOCRAT, similar to the current Obama administration's socialistic policies, in which Jeff Immelt plays a role in the economic policy.

In my book THE SECRET TO GE's SUCCESS, now a best seller in six countries, I quote Reagan's own words about is socio/ political/ economic conversion:
"I began to talk more and more of how government had expanded and was infringing on liberties and interfering with private enterprise..(can you imagine what Ronnie would say about today's complete take over of all our enterprises!!!)
"It finally grew to the point that one day I came home from a speaking tour and said to Nancy 'I got out there and make these speeches which I believe---they are my own speeches-- and then every four years I find myself campaigning for the people who are doing the things that I am speaking against.' And I said "I am on the wrong side".

GE has been on several sides of the socio/ political and economic side. Swope and Young were socialists and liberal Democrats and were architects of SOCIAL SECURITY and THE NATIONAL RECOVERY ACT. Under Cordiner, the company were highly conservative Republicans and were very involved in fighting BIG GOVERNMENT and BIG UNIONS.

It is very confusing what side the company is on today. Immelt says he is vowed Republican, but yet supports many of the socialistic and big government policies of the OBAMA administration and as we said is part of the OBAMA economic team.

Reagan would not agree and if GE really believes that he contributed to the company's policies it should demonstrate how and why.

Visit http://www.strategyleader.com/ and read THE SECRET TO GE's SUCCESS to learn more about GE unique history.

Bill Rothschild

AMAZING AND DISTURBING

The GOOD NEWS is that Jeff Immelt was concerned about the stockholders and image of taking a bonus when GE was not during well and its stockholders had taken a hit on both stock value and the destruction of the dividends.
The BAD NEWS and VERY DISTURBING NEWS is that his MANAGEMENT TEAM including his CFO and Vice CHAIRMEN didn't have good sense to do the same. The CFO who is responsible for missing all the signs of collapse and bad management decisions received over $13 million and the other management team members received over $16 million each.
This is amazing to me for several reasons.
First of all how do the subordinates who were personally responsible for the POOR performance deserve and get a 30 to 60 percent bonus over the leader who admitted he made mistakes and didn't deserve his bonus.
Second, where is the BOARD OF DIRECTORS who authorize these unbelievable, unjustified salaries and bonuses.

GE IS OBVIOUSLY OUT OF SYNC WITH REALITY and they OWN THEIR OTHER STAKEHOLDERS A MAJOR APOLOGY and a REEXAMINATION POOR STRATEGIC LEADERSHIP.

Bill Rothschild, GE ALUMNUS, STOCKHOLDER AND SUPPORTER..AND AUTHOR of the ONLY COMPLETE AND OBJECTIVE ASSESSMENT OF GE SUCCESSES AND FAILURES..THE SECRET TO GE's SUCCESS..

PS This poor management practices are completely INCONSISTENT WITH THE REASONS THAT GE HAS BEEN SUCCESSFUL..and needs to be changed.