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...GE has spent millions on a public-relations and lobbying campaign to nix the plan, and CEO Jack Welch even went to Whitman personally. The company insisted Tuesday that the dredging operation - the largest in U.S. history - would "do more harm than good," stirring up PCBs, or polychlorinated biphenyls, now safely buried under layers of sediment on the river bottom, and besides that would visit "decades of disruption" on area residents. And yet Whitman remained unmoved...
...Bush wants to truly alter the public perception of his White House?s environmental stance, he?ll need a more visible fight - news coverage Tuesday of the EPA?s decision was mostly as a local story (with the exception of GE corporate child MSNBC, which gave it high billing) - and maybe even one that Bill Clinton didn?t think of first...
...Energy. As it gave the GE story lead status in Wednesday?s paper, the New York Times almost helpfully put another story atop its business section. "Some Energy Executives Urge U.S. Shift on Global Warming," went the headline, and the gist of the story was that the same energy companies casually vilified as Bush?s corrupters by poll respondents - BP Amoco, Enron, Royal Dutch/Shell - have actually begun making major moves to reduce greenhouse-gas emissions on their own. And they?re wondering when Bush is going to catch...
Running a big-time Wall Street firm is not like running a carmaker. GE wonderboss Jack Welch cried uncle shortly after acquiring Kidder Peabody in 1986, and the Solomonic Warren Buffett couldn't run fast enough from his interim job as chief of Salomon Brothers in 1992. So you can see why stumbling CSFB grabbed Mack, whose own record for running a clean ship is pretty much unblemished. Mack was even rumored to be on the short list to succeed Arthur Levitt as head of the Securities and Exchange Commission. He's known for giving egocentric bankers--Quattrone while...
Harnessing the good, culling the bad: that's where things get dicey. Since the mid-'90s, a growing number of companies have looked to the success of Jack Welch with General Electric to guide them through this psychologically ambiguous terrain. GE's mandate from the top is that high performers--even prodigies--who unrepentantly trash company values are given the boot...