This fall, TV viewers witnessed an impressive vision of continuity through change.
Although he hesitated to admit it, Kyle Varble was confused. Fresh out of college, he was working in procurement at a manufacturing company, where every day brought some new bit of unfamiliar jargon. One day a supplier told him that the parts Kyle needed wouldn’t arrive for two weeks, because they had to sit on the CMM machine. His mind raced. What does a CMM machine do, and why does it take that long? What does “CMM” even stand for?
“We are proud of Appliances’ history and performance,” said Jeff Immelt, GE chairman and CEO. “GE Appliances is performing well and there was significant interest from potential buyers, helping drive a good deal which will benefit our investors, customers and employees.”
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GE announced its 2014 results this morning, capping a year in which the company launched the biggest acquisition bid in its history for Alstom, took public its consumer lending business, Synchrony, and announced the sale of its Appliances business to Electrolux.
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Jay Rogers, a former marine with an MBA from Harvard, and his friend Jeff Jones were still in business school when they hit upon an idea that could one day remake American manufacturing. In 2008, they started an online car company where people could collaborate on design and build their vehicles in a network of local “microfactories.” They called it Local Motors.
Early last summer, Sister Mary Ethel Parrot dropped by the office of WaterStep, a Louisville charity fighting waterborne disease around the world, and picked up a pair of tote bags filled with tubing, clamps and other plastic parts. The nun took them on a plane to Uganda, where she had set up a boarding school for girls.
One day last November, GE engineer Steve Froelicher got a phone call from Sister Mary Ethel Parrott. Sister Mary Ethel is a nun, a teacher and a physicist who helped set up a boarding school for girls in rural Uganda. She needed clean water for her Ugandan pupils and Froelicher, a “senior product architect” who designs washing machines and water heaters at GE Appliances in Louisville, had just the thing for her.