New DW on the corner!

[Anonymous]

Hi Eric,

Bad news!!! You have a new DW rising under you nose. Same bad business decisions, people about to leave, sales decrease on medium term and so on.
You must run a full employee survey or 360 for Americas and turn on your DW radar. It'll not be as bad as the previous one, but still a new bad chapter for the company.

The nightmare is not over!!! Good luck!!! We trust you so far!!!

Cafepharma is still your best adviser even when you ask people not to post.

[Anonymous]

life will continue to be tough here

[Anonymous]

agreed. Eric Roman is just another GE MBA joke. No clue about life sciences but the powerpoint presentations will look terrific.

[Anonymous]

Didn't take long for the Eric to generate a FAN following.
I still don't where that ardent fan is, who felt Eric will do right. Hope you are still with business :-)
Looks like people forgot that he managed Genomics business to close to zero.
Tried hard to fight Decline of the Decline, only to have it dissolved, turned out that was the strategic plan all along. Maybe it became one when it became clear that the portfolio was loser, run by a novice and his super team further into decline. That he's one still hasn't changed.
Maybe he can do the same magic for North America. Now that he's the DECIDER.
Go GE!!!!!

[Anonymous]

Actually, I have a better impression about Eric than you guys.

I think the first post is not referring to him, but to someone under him. Anyway, 360 and anonymous surveys are always good.

[Anonymous]

Care to elaborate or stay in the shadows.
Still won't change my opinion on ER.
Has the support from the top.
Hasn't done much other than slash and burn.
Don't know what he did at DI, but did come back when things weren't hot there.
Of course his expertise was needed here!
Probably might replace Peter in the near future.

[Anonymous]

Not sure who GE treats worse, their customers or their employees.

Either way, is it any surprise that their stock is at TEN DOLLARS?

No, it is not.

[Anonymous]

2/20/09 $9.17

[Anonymous]

Send in the clowns!

[Anonymous]

Send in the clowns!

The clowns were just handed a pink slip...

GE Last Trade: 8.87

The Wall Street Journal raised questions about the company's valuation of its real estate assets.

GE has written down less than 1% of its $36.7 billion in commercial real estate investments, compared to Goldman Sachs' (GS Quote - Cramer on GS - Stock Picks)25% writedown, the Journal reported. The small writedown is in spite of the fact that GE acquired roughly one third of the current portfolio in 2007, when the commercial real estate market was far pricier than it is today.
The analysis also raises questions about reserves GE holds against losses on its $59.6 billion portfolio of residential mortgages. GE has increased reserves to just 11.5% of the total of mortgages more than 90 days past due, only a bit higher than the 10% reserves it held at the end of 2007.

[Anonymous]

Indifference has rocked the Life Science organization (and maybe the better part of GE Healthcare).

Top performers are now lethargic.
Middle performers are off the reservation.

The leadership hides in their offices.

Honestly, I was expecting more from GE. They expected more from me, didn’t they?

[Anonymous]

Where is the survey? Don't you want to know employee's opinion at this point? I have the sense that managers are just trying to work to make their bosses feel safer. It's not real. Nobody is safe in this enviroment. Leadership must look down in the hierarchy and try to hear the fiels people in order to save this ship.

Eric,
When are you going to find Waldo (I mean the new DW)?