GE Vernova’s Grid Solutions business (NYSE: GE) today announced that, in partnership with Polimex Mostostal (PXM), it has received a contract to build the onshore infrastructure necessary to transfer power into the onshore grid from the Baltica 2 project – one of the two stages of the Baltica Offshore Wind Farm in Poland. The onshore connection infrastructure will involve constructing a 275/400 kV high voltage substation, along with onshore export lines, vital for feeding the generated power into the Polish Power System.
It’s possible that the writer of a book that stands as a blistering critique of corporate America would encounter derision and dissent from a crowd at a business school. As it turned out, though, the case that Gellesopen in new window had come to the GSB to make — that former GE CEO Jack Welch had ushered in an era of rampant corporate greed largely at the expense of workers — was met mostly with nodding heads and tacit agreement.
In the century following the Civil War, a handful of technologies revolutionized daily existence. The lightbulb extended the day, electric appliances eased domestic drudgery, and power stations made them all run. The jet engine collapsed distance, as, in other ways, did radio and television. X-ray machines allowed doctors to peer inside the body, vacuum tubes became the brains of early computers, and industrial plastics found their way into everything.
A CEO has different tasks in different cycles. Some CEOs are founders and builders. Others have the luxury of managing momentum through a stable economy or a period when business models aren’t being disrupted. My task was different: remaking a historic and iconic company during an extremely volatile time.
