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Message: [QUOTE="RSTuthill, post: 4731025, member: 7322"] So I worked at Power for ten years. For a good portion of that time Power was bigger than all of UTX. I would disagree on a flat comparison statement like that. CAPITAL destroyed the company. And Immelt's purchase of Alstom was very foolhardy and compounded the problem. They wanted the Alstom steam business and PSM for anti-competitive reasons (to keep the price of the lucrative spare parts market high). The EU told them to divest PSM, and they overpaid for the rest. The Alstom large turbines were not money makers and and the smaller gas turbines had already been sold. So they overpaid by a factor of two right when the fossil fuel power market, which is cyclical, dropped precipitously. Immelt actually saw some things and tried to fix them. But his major errors were ego driven. [/QUOTE]