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David Brooks just used Jack Welch as a POSTIVE example of a CEO on Lehrer!!!

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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 07:27 PM
Original message
David Brooks just used Jack Welch as a POSTIVE example of a CEO on Lehrer!!!
And neither Lehrer nor Mark Shields responded in any way!

THAT's what's wrong with our media.
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Botany Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 07:30 PM
Response to Original message
1. PCBs in the Hudson River ... thanx Jack
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 07:32 PM
Response to Reply #1
2. How much was the shower curtain? $5000?
Welch can't walk the streets of Schenectedy.
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crimsonblue Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 07:32 PM
Response to Original message
3. from a business standpoint
Jack Welch ran GE superbly. You cannot argue with that.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 07:36 PM
Response to Reply #3
4. But he lost all perspective. nt
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FarLeftRage Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 07:47 PM
Response to Original message
5. That worthless POS????
HA HA HA HA HA!!!

He used his own media comp... nbc to influence the 2000 election, the fucker should be in prison!
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targetpractice Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 07:47 PM
Response to Original message
6. Jack Welch is the greatest leader since the pharoahs.
Edited on Fri Jan-30-09 07:49 PM by targetpractice
"Do you know why? Because he didn’t only involve himself in our work lives, but our personal lives as well. He introduced us to the finest booze, the most restrictive country clubs. He gave us the names of the most discreet private investigators to spy on our ex-wives. He held our hands during our triumphs and our Senate hearings." — Jack Donaghy
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laststeamtrain Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 07:59 PM
Response to Reply #6
7. And to think some people don't find 30 Rock funny...n/t
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 10:47 PM
Response to Reply #7
16. I can't remember laughing harder at a TV show since Odd Couple or Mary Tyler Moore. nt
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Rage for Order Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:04 PM
Response to Original message
8. I'm sure millions of GE shareholders would agree with him
If you bought stock in GE when Welch took the helm and sold it when he left you would have made a FORTUNE
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exboyfil Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:29 PM
Response to Reply #8
12. He did it by turning GE into a bank
The financial arm of GE is the tail which wagged the dog. When it is successful you can print money, but when you overleverage etc you end up like what GE is facing now.

GE Capital was used as a cash cow to pop out whatever number they needed to make a quarter. Great for those who know when to fold them, but, for the rest????

I remember studying how GE was more like a bank than a diversified manufacturer of capital goods and services long before this crash. Folks who invested in it did not understand what GE really was (and is).

This is not to say that Welch was a bad CEO. I just think the worship of him has gone way too far.
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Old and In the Way Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 09:48 PM
Response to Reply #12
13. No doubts that GE stockholders loved Jack Welch.
But to make those qtr over qtr targets, his business philosophy changed this country forever. I've worked for companies that modeled themselves after GE. Manufacturing investment payback times became ridiculously impossible to justify....the financial demands forced operating units to outsource manufacturing. The 6% year over year cost reductions demanded from suppliers sent a message supplier partnerships were no longer longer important. After a few years, you had to re-source offshore to get the material cost reductions demanded in the business plan.

Bottom line, GE and GE-mentored companies treated their stockholders well, but these were business strategies for the short term and detrimental to the economic health of this country long-term. We are seeing the fruits of the harvest that GE seeded decades ago.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 10:39 PM
Response to Reply #12
15. GMAC was a similar outfit I believe. nt
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:22 PM
Response to Original message
9. Brooks doesn't mention last weeks news. "Judge Orders GE to CLEAN UP Hudson River for Second Time!
Judge rejects GE's 'Superfund' challenge
Wednesday January 28, 10:41 am ET

By Richard Richtmyer, The Associated Press
Judge rejects GE's challenge of 'Superfund' law requiring it to clean Hudson River PCBs

ALBANY, N.Y. (AP) -- The federal law that can force companies to spend millions cleaning up contaminated sites has again been upheld by a judge, who ruled that the Environmental Protection Agency can force General Electric Co. to dredge PCBs from New York's Hudson River.

ADVERTISEMENT
GE sued in 2000, just before the EPA ordered the company to pay for dredging contaminated sediments along a 40-mile stretch of river north of Albany. Its plants released about 1.3 million pounds of PCBs, or polychlorinated biphenyls, into the river between 1946 and 1977, the year the federal government banned the substance.

A 197-mile section of the river has since been declared a Superfund site.

In its lawsuit, the company challenged the EPA's unilateral authority to order cleanup projects under the Comprehensive Environmental Response, Compensation and Liability Act, also known as Superfund.

GE's lawyers argued that the agency's ability to order such cleanups in non-emergency situations violates the due process clause of the U.S. Constitution's Fifth Amendment.

In a ruling issued Tuesday, U.S. District Court Judge John Bates upheld the Superfund law's constitutionality, saying he "rejects GE's novel, but substantial, challenge."

It was the second time Bates reviewed the case, and the second time he rejected GE's challenge.

Bates initially ruled in 2003 that Congress intended for cleanup of toxic sites to proceed without delay by even a constitutional challenge. GE appealed that ruling, and the appeals court judge sent it back to Bates.

"We're still reviewing the decision and will consider all our options, including the right to appeal as we review the complex decision," said Peter O'Toole, a GE spokesman.

Andrew Ames, a Justice Department spokesman, said GE could appeal to the Circuit Court in Washington. He declined to comment on the judge's ruling.

"The opinion speaks for itself," Ames said.

Environmentalists lauded the judge's decision.

"This is a significant victory for the environment and public health," said Lawrence Levine, an attorney for the Natural Resources Defense Council, which filed friend of the court briefs in the case.

"It preserves EPA's ability to direct polluters to immediately clean up hazardous waste sites they're responsible for," Levine said. "That carries out the will of Congress when it passed the Superfund law."

New York first took steps to clean up the mess in the mid '70s but local opposition, legal fights, studies and bureaucratic wrangling have dragged the case out. GE spent years arguing that dredging would be disruptive and scientifically unsound. The company dropped public opposition after the EPA signed a dredging order in 2002 but legal issues and negotiations pushed back the start date several times.

The Superfund law was created in 1980 after the toxic pollution of the Love Canal, a residential community outside of Niagara Falls that was built on top of a canal used as a dumping ground by the Hooker Chemical Co. At least six courts have thrown out constitutional challenges to it.

The EPA considers the PCBs in the Hudson to be a probable carcinogen and a risk to people who eat fish from the river.

O'Toole said the total cost of the dredging is estimated at $690 million. GE this spring will start removing 1.8 million cubic yards of contaminated sediment from the river, which will be dried and shipped to a Texas landfill, he said.

Associated Press writer Mary Esch contributed to this report from Albany, N.Y.

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stuntcat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:25 PM
Response to Original message
10. Brooks was an IDIOT tonight
This time I knew it without the other guys even pointing it out.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:25 PM
Response to Original message
11. I mean, you just can't toss that phrase out there without qualififying it. nt
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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 09:59 PM
Response to Original message
14. David Brooks... A stupid Fucking NEOCON?
Edited on Fri Jan-30-09 10:22 PM by lib2DaBone
Not hard to belive.

David Brooks is a shit stain in the hall of Journalism.
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