Letter to BS: GE is dropped from Dow Jones industrial average

Two points come to mind after reading Mihir Sharma’s column “The GE way out” (June 21). When a company’s growth and eminence is built around a strong personality and not so strong systems and culture, its subsequent progress depends on its finding equally strong successors. Though Jack Welch of GE claimed that he took more than two decades to find a successor, the choice proved to be controversial.

Another problem with such organisations is that the followers become rigid in living his legacy even when it is not in tune with the changing times.

               

Y G Chouksey  Pune

---

Letters can be mailed, faxed or e-mailed to:

The Editor, Business Standard

Nehru House, 4 Bahadur Shah Zafar Marg 

New Delhi 110 002 

Fax: (011) 23720201  ·  E-mail: letters@bsmail.in

All letters must have a postal address and telephone number