The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Immelt: Not shrinking GE Capital before 2008 was a mistake
“By the time the financial crisis hit, not having GE Capital be smaller, you know, clearly was a mistake, right?”
Immelt: Washington Mutual's collapse was worse for 2008 than Lehman's
“Most people think about the day Lehman Brothers went bankrupt as the worst day in the financial crisis, but it actually was the day Washington Mutual went bankrupt, which was like two weeks later on a Friday because all the bondholders got wiped out.”
Immelt: US and Canadian manufacturing costs now equal Mexico and China
“My hunch is you could go through product after product and making it in Canada or the U S is probably just about the same as making it in Mexico or China today.”
Immelt: Jack Welch was great for his era, but GE's environment changed
“Following a very successful leader, but tripping into a completely different time. So it wasn't that he was bad or good. He was great in the time that he lived in. But the time that I was leading the company was so dramatically different. It was more global. I…”
Immelt: Jack Welch managed large institutions better than anyone else
“What Jack did as a masterclass was how to lead at scale. He created an aura. He had a voice for 300,000 people. He had a voice for 500 people. He had a voice for 20 people. He had a voice for one person. He could change octaves in how he spoke. He knew how to …”