Word: ge
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Dates: during 2000-2009
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...other companies with appliances that sell in the U.S. under their own brands. Chances are, the average American may own an LG-made product but not know it. LG says it sells 43% of all room air-conditioners in the U.S., for example, but many under brand names like GE and Kenmore...
That strategy served him well in many jobs, from baling hay to assembling refrigerators. But in the most important test of his life, sheer doggedness wasn't enough. The son of a GE factory worker, Nardelli, 56, had spent close to 30 years at that company trying to prove himself as CEO material. In November 2000 he lost a two-year, three-way contest to succeed Jack Welch. "To say I wasn't disappointed would be lying," Nardelli says. "You don't train to come in second." Nardelli bounced back to become CEO of Home Depot, a company half...
...succession race at GE was grueling and public. Nardelli, who has the forceful bearing of an offensive lineman, has compared it to playing in the Super Bowl--"the last two minutes for two years." He lobbied Welch for the chance to run his own unit, then took GE's weakest business--making electricity-generation equipment--and quadrupled its sales. But Jeff Immelt, who was known for his polish and intellect and ran GE's cutting-edge medical-systems business, won the top job. The other contender, Jim McNerney at GE Aircraft Engines, entertained an offer from 3M before the race...
...measure of a retail chain's organic growth through existing stores, had been declining for eight quarters. Home Depot was expanding so quickly that many executives saw nothing wrong. "You had people who were enormously proud of what they had accomplished," says Frank Blake, who worked with Nardelli at GE and is operations chief at Home Depot. "It was a cock-of-the-walk sort of attitude...
...eventually became so vocally critical of such sanctified New Deal creations as Social Security and the Tennessee Valley Authority that GE abruptly dropped him in 1962, but Reagan was by now much in demand on what he liked to call "the mashed-potato circuit." When the conservatives rallied behind the presidential campaign of Senator Barry Goldwater in 1964, Reagan's gift for oratory provided one of the unexpected highlights in the doomed campaign. "You and I have a rendezvous with destiny," Reagan declared (borrowing one of Franklin Roosevelt's most famous lines) to a G.O.P. fund-raising dinner...