As I was considering what to blog about, it occurred to me that we haven't heard from General Electric Company (NYSE:GE) lately. I usually consider that a good sign because it most often means that things are progressing as they should. I hopped over to the G.E. website to see what those good folks have been up to. I found some interesting things over there and yes, some boring things too. Boring things can be just as important as exciting things. I have brought back some of both for you.
This past Monday, GE named Michael E. Chen President and CEO of its Global Media and Communications operations. Chen's move to this position is in recognition of his prowess in specialized customer relations and an overall leadership style which has earned him high regard at GE. Michael Chen has been referred to as one of the top customer relations experts in the country. Congratulations and good luck Michael!
General Electric has received Popular Mechanics 2006 Breakthrough Award for technology which brings hydrogen electrolysis into the realm of economic reality. What this means to us regular folks is that they are now able to extract hydrogen from water in a way that should make it economical to use as fuel. GE undertook the project with the goal of cutting the costs associated with hydrogen production. Guess what folks, they did it! OPEC will be green with envy.
GE and Wal-Mart Stores, Inc. (NYSE:WMT) have teamed up to replace conventional fluorescent lighting in Wal-Mart's refrigerated display units. This will reduce the power draw of those displays by up to 78%. This move is part of Walmart's environmental sustainability directive. Wal-Mart estimates this change of lighting in 500 stores will reduce carbon dioxide emissions by 35 million pounds yearly. The press release is really very amazing to read! The future is upon you folks!
There's a lot more information on their website that is worth reading. It's definitely worth the trip over there. The funny thing is that this is headline stuff. Why isn't it making it into the press? You won't hear about these breakthroughs on CNN or Fox News. I wonder why not -- who's in charge over there? They yell and scream about supposed global warming, but when the solutions come around they clam up! Go figure.











Reader Comments (Page 1 of 1)
12-07-2006 @ 6:31PM
jeff snyder said...
if the money and brain power that is currently squandered on war and arms were devoted to greening the US, we would have the security, prosperity and clean planet we want to leave to our children. Corps like GE & Walmart could lead the way. Why not?
12-07-2006 @ 5:59PM
MaryLou Michelin said...
GE stock holders need to get rid of the dead wood running the company, starting at the top with CEO Jeff what his name. Even I can gues his every dead beat move.
12-08-2006 @ 1:42AM
Mr. Anon said...
As an employee of GE I am amazed at the management overhead and bureaucracy that exists in the company. The "Ecomagination" efforts seems to be more about public relations and has little to do with actually saving the environment. Maybe GE is selling Walmart new lights because GE Lighting needs a revenue boost. There are some good things in GE but there seems to be a lot more that is bad. Do you really want Walmart and GE leading the way, doing anything they can to make themselves look good and to satisfy their greed? I hope not.
12-07-2006 @ 1:11PM
Jeffrey said...
Yes, Lets stop spending defense and "GREEN UP" America so that the next thing terrorists blow up here is very Green!!
12-13-2006 @ 5:55PM
Richard Gassner said...
I am a small stock holder in GE for many years, and in recent years, i have not seen the stock move out of the $35 range. what has happened to this giant bluechip. Do we need to change the whole managment team, or what.Will someone reply to me, and please don't wash it over. Thank you Richard Gassner