#Boeing was an aerospace engineering firm that manufactured and sold airplanes. General Electric was an energy engineering firm that manufactured and sold energy and power products.
Both were transformed by the single minded focus on "shareholder value" and "production" over quality and innovation.
Jack Welch was a pox. McDonnell Douglas had a terrible reputation for quality because it was run by ex-GE finance people. The new CEO is the current COO. SSDD.
Oh and GE? Gone. But the stench of Welch lives on in Boeing.
"From being the most valuable company on Earth, GE fell to the point of essential irrelevance in the American economy. In 2018, with all of Welch's bad decisions catching up with the company, GE was removed from the Dow Jones Industrial Average, the bluest of blue chip indexes and a real bellwether of the American economy. GE had been one of the very first companies included in the index"