Responsibility

GE's Imagination at Work

Edison was at least the contributor of many of the early technologies. The more recent management (including the previous well known CEO) should be accountable for the "recent" events. With the Wall Street rules of the game to award primarily on profit, GE has been getting out from one after another leading technologies while failing to enter new areas during the last century.

GE was a leader in semiconductors, materials, computers, - - - at the beginning, but was unwilling to compete as new players came into the market.

Aside from profit, the rules should include measurements on employment generation, one new technologies/markets growth, and maintenance of shares of existing markets. Otherwise, the CEO can simply focus on short term profit for personal gain instead of on long term Company goals.

How to End the Credit Crisis

Don't forget the trade deficit. The challenges in re-building and reinforcing industries should be on high priorities. Incentives are needed for other industries on scales as high as, if not more than, those for the financial industry.