Jim Thomas

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At first, Young’s response was to deflect: Didn’t they realize that GE was an electrical device manufacturing company, not a wireless communications company, and that it had no interest in becoming one? Bullard responded that Young was being shortsighted, that a huge opportunity was staring him in the face. GE could not only manufacture the communications equipment but could also sell it to a ready-made customer that it controlled. It was a gift, Admiral Bullard insisted. “The argument could not fail to capture the imagination of such a far-seeing man as Owen Young,” Archer noted. GE succumbed ...more
Power Failure: The Rise and Fall of an American Icon
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