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Post by The Ferro Kid on May 31, 2018 5:10:34 GMT -8
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Post by valenciajim on May 31, 2018 6:08:44 GMT -8
Both GM and GE are well known companies whose best days are behind them. So I guess it is not surprising that both disposed of their locomotive manufacturing businesses. It will be interesting to see how the new owners of these enterprises run the companies and what future innovation awaits in locomotive production.
One interesting point mentioned in the linked article is that the legacy pension obligations will stay with GE. That is not likely good news for the workers.
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Post by peoriaman on Jun 1, 2018 19:24:16 GMT -8
I am more surprised they didn't sell off the division back during the Jack Welch era at GE.
But when I saw the thread title, I wondered: Whatever happened to Omaharoad? I am sure he would have something to say.
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Post by ncrc5315 on Jun 2, 2018 18:22:17 GMT -8
Kind of ironic, J.P. Morgan, beat Westinghouse over the head, to get Tesla's patents, to form GE. Now Westinghouse is buying GE Transportaion, because GE is in trouble, I'll bet Morgan is turning over in his grave. What goes around, comes around.
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Post by Great-Northern-Willmar Div on Jun 3, 2018 4:26:57 GMT -8
Kind of ironic, J.P. Morgan, beat Westinghouse over the head, to get Tesla's patents, to form GE. Now Westinghouse is buying GE Transportaion, because GE is in trouble, I'll bet Morgan is turning over in his grave. What goes around, comes around. Westinghouse Electric and Westinghouse Air Brake Company were both founded by George Westinghouse. But were separate companies. Before being known as Wabtec, the company was known as Wabco. |
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Post by ncrc5315 on Jun 3, 2018 8:01:18 GMT -8
Kind of ironic, J.P. Morgan, beat Westinghouse over the head, to get Tesla's patents, to form GE. Now Westinghouse is buying GE Transportaion, because GE is in trouble, I'll bet Morgan is turning over in his grave. What goes around, comes around. Westinghouse Electric and Westinghouse Air Brake Company were both founded by George Westinghouse. But were separate companies. Before being known as Wabtec, the company was known as Wabco. Yep, knew that, also realized my point was a bit of a stretch, just saying what goes around, comes around, even if it takes 150 years. Dad had a WABCO motor grader, and two WABCO scrapers. Can remember running these when I was in high school, good machines, but were those Detroit’s loud. |
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Post by valenciajim on Jun 3, 2018 12:35:30 GMT -8
It is interesting to see the ebb and flow of companies. In 1996, I was enrolled in an MBA program and one of the instructors talked about the importance of keeping up with change. He mentioned that the companies with the largest Market capitalization (i.e., the product of the stock price times the number of shares outstanding) changed over the decades. He went back over the preceding 50 years and asked us to identify the company based on its ticker symbol. It went something like this:
1946--PRR--Pennsylvania Railroad
1956--GM--General Motors
1966--XRX--Xerox
1976--ITT--International Telephone & Telegraph
1986--IBM--International Business Machines
1996--MSFT--Microsoft
As the economy evolves, companies have difficulty changing with the times and they lose their importance.
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PeeCee
Junior Member
Posts: 70 
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Post by PeeCee on Jun 5, 2018 15:13:34 GMT -8
Whatever happened to Omaharoad?
I suspect he was kicked off the forum.
In the past I noticed he was a real meanie to some posters here, and super obnoxious with his so-called 'viewpoints.'
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