Contact Us  |  Sign In  |  Register
This Week's Reviews

Accounting & Taxation

An Immodest Proposal

Business Fundamentals

Why U.S. Retailers are Still Vulnerable

Business Law

Slow Cop, Fast Beat

Business Strategy

Can Etihad's Flock of Also-Rans Fly?

Economics

Millennials Still Feel the Recession’s Bite

Entrepreneurship

Innovation: Pay Range

Ethics & Responsibility

Samsung's War at Home

Finance

Slow Cop, Fast Beat

Information Technology

Can Dropbox Avoid Getting Lost in the Clouds?

International Business

For Expats in China: Smog Perks

Marketing

I’ll Pass

Operations Management

Why U.S. Retailers are Still Vulnerable

The Real Winner of GE's CEO Bake-Off Reviewer:   James Richardson, Ph.D.

Abstract

As CEO of Honeywell, Dave Cote has led the company to greater revenue and higher profit margins, resulting in a doubling of the company's stock price since he took over in 2002. Cote was in the running for the CEO position at GE to replace Jack Welch, but was passed over for Jeff Immelt. Two other candidates for the GE CEO position also went on to lead other companies; Robert Nardelli became CEO at Home Depot and Jim McNerney took over at Boeing.

Under Cote, Honeywell has outperformed all of them. Cote has streamlined Honeywell from a random collection of companies into a tightly knit conglomerate that has come up with innovative products in aeronautics, chemical engineering, and energy. People laughed at Cote’s goals to increase revenue and profits at Honeywell, as the company was such a mess. Now some wonder whether Welch wishes he hadn’t passed over Cote at GE.





Forgot your username?

Forgot your password?