Culp able
卡尔普真行
What Boeing, Disney and others can learn from General Electric
波音、迪士尼和其他公司可以向通用电气学习什么
Lessons from the tenure of Larry Culp
拉里·卡尔普任期内的经验
- tenure （尤指重要政治职务的）任期，任职
ONLY RARELY are chief executives appointed with a mandate for dismemberment. Yet when Larry Culp assumed the top job at General Electric (GE) in October 2018, he was expected to sell parts of the 130-year-old conglomerate at a pace even faster than his empire-building predecessors had assembled them. In November 2021 he announced a radical finale: splitting the firm in three. GE’s health-care business became a separate company last year. On April 2nd its power division went the same way, leaving behind GE Aerospace, the firm’s engine-making operation.
极少有首席执行官在接受任命时会被委以拆解公司的责任。不过，当拉里·卡尔普（Larry Culp）于2018年10月担任通用电气（GE）的最高职位时，人们指望他迅速出售这家有130年历史的企业集团的部分业务，甚至要比他那些建立帝国的前任们组建集团的速度更快。2021年11月，他公布了激进的最终方案：将公司一分为三。GE的医疗业务在去年成为一家独立的公司。今年4月2日，GE的电力部门也走上了同样的道路，留下的是GE航空航天（GE Aerospace），这是GE的发动机制造部门。
- mandate （政府或组织等经选举而获得的）授权
- conglomerate 联合大公司；企业集团
- finale （演出的）终场，结局；（音乐的）终曲，末乐章（参见：小词详解 | finale）
Investors are reaping the rewards. After dithering during the first four years of Mr Culp’s tenure, GE’s shares have been on a jet-fuelled tear. The cumulative stockmarket value of GE’s three successor firms is $237bn. Although that is well below the firm’s peak of $594bn in 2000, it is more than double what Mr Culp inherited. Business-school students have spent decades dissecting the hubristic acquisitions that defined GE’s life. Now they must heed the lessons from its final act.
投资者正在收获回报。GE的股价在卡尔普任职的头四年原地打转，之后便坐上了喷气式飞机。GE拆分出的三家公司的股票市值总计为2370亿美元。尽管这一数字远低于该公司2000年时5940亿美元的峰值，却是卡尔普接手时的两倍多。几十年来，商学院的学生们一直在剖析那些贯穿GE历史的狂妄收购。现在他们还得从它的终章里吸取经验。
- dither 犹豫不决；踌躇
- hubristic 傲慢的、目中无人的
