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...rich merchant's son named Fuqui (played by Ge You, who won the best-actor prize at the Cannes festival this year) waters the local casino tables with his father's fortune. Fuqui is a cool dude in line for comeuppance, and he soon learns humility the hard way; it arrives like a 30- ( year plague. He and his wife (Gong Li) are bankrupted, then branded as decadent curs. But the pestilence is not localized; every family suffers. In the '60s, doctors are locked up, leaving the hospitals in the control of those bullying incompetents, the Red Guards. All that...
...firm is currently in the second stage of a three-part research feasibility study. The first phase, HSR 1, was started in 1989 to investigate the engines and emissions, and was headed by Pratt & Whitney and GE...
...lessons of NBC and Kidder might suggest that GE does best when it sticks to markets that it already knows. But allegations directed at the company's industrial-diamond and jet-engine businesses show that GE has been unsteady there as well. Insisting that GE had done nothing wrong, Welch refused a Justice Department offer in February to settle the diamond probe with a plea of no contest. "We think our chances of winning are good," he says, "but you never know before a jury...
With regard to jet engines, Welch said GE notified the Federal Aviation Administration about an employee's safety concerns in 1992, before the engineer went to the FBI as a whistle-blower. The FAA and the Defense Department investigated, Welch said, and found no problem. "So far on this one, everything appears fine," he adds. "Air Force One has those engines. The President is flying everywhere with them. And everyone feels comfortable...
That is how Welch wants everyone to feel about GE, which often appears to be his lengthened shadow. "The biggest tests in business are not about how great men handle success but about how good men handle crises," says G.G. Michelson, a longtime Macy's executive and an 18-year member of the GE board. As Welch makes his case and marshals his papers in GE's executive conference room, this highly celebrated corporate manager knows he is certainly facing one of those times of testing...