Word: ge
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Dates: during 2000-2009
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...superior persuaded Welch to stay. And under the direction of Welch, GE has broken one earnings record after another as other businesses have come tumbling down under the pressures of global competition. With $437 billion in assets and $130 billion in sales, GE has grown to include NBC in its empire as well as several high-technology manufacturing divisions and 24 financial services divisions...
...GE observers agree that a large part of the company's success stems from the strength of the leadership beneath Welch. While GE had a strong field of seven managers to choose from in its search for Welch's successor, other businesses such as IBM, Hewlett-Packard and 3M have had to turn outward in their searches...
...Indeed, many have turned to GE. W. James McNerny Jr., one of GE's top three contenders for CEO, was snatched up by 3M when GE handed the torch to Jeffrey R. Immelt, former president and CEO of GE Medical Systems...
...Similarly, Stanley Works picked up as its chair and CEO John M. Trani, head of GE Medical Systems before McNerny...
...GE is the number one developer of other companies' key executive officers," says James W. Buckman, a GE observer and co-director of the Juran Center for Leadership in Quality at the University of Minnesota's Carlson School of Management. He estimates that about 25 to 35 of the Fortune 500 CEOs have come from GE...