PRR 5841 posted:WftTrains posted:mark s posted:One would think that. The heck of it is (now, this is said as one who has not followed GE very closely, but observed from the sidelines) much of GE's financial difficulties come from the GE's financial side, not the industrial side. Much of which undergirded Jack Welch's "heroic" performance. Turned out, it was all a house of cards.
That's what happened to Westinghouse Electric! How ironic is it that George Westinghouse's other company was the white knight for GE, which was founded by Thomas Edison and Westinghouse was his chief rival.
Bill (retired Westinghouse employee)
George, a proponent of AC was right, Thomas, a proponent of DC was wrong when it came to: “Which is the best choice for the long distance transmission of electricity, AC or DC?”. It’s not surprising that Tesla left Menlo Park to work for George as his understanding of electricity was analogous to Ramanujan’s understanding of mathematics.
But yet Edison gets all the credit for developing the electric power business even though he opposed Alternating Current which was the only way to achieve lower electricity costs through long-distance transmission of electricity from large efficient power generating stations.
Bill
