For those of you who have been invested in GE for years, mostly because of its generous dividend, the times have changed. No longer will GE be providing a 4 to 5% return on your stock holdings. No, it now will be closer to a 2% dividend rate. Which is among the several reasons the stock price has tanked recently.
Do you remember the controversy a few years ago when certain individuals tried to claim that it was their brilliance that made their companies great? “You didn’t build that” was the catch phrase. Because most of us know that to be successful, we need viable infrastructure (which means government investment) and dedicated employees- under the guidance of competent (hopefully- even inspired) management.
Being an entrepreneur, I always understand the imprint that founders have on their organizations. After all, most of us consider our business ventures akin to our children. But, it’s also true that an outstanding leader also ends up establishing a decisive imprint on the company s/he leads- even if s/he were not the founder.