Ge Power Loses Some SteamTim Smart
Two years ago, the head of General Electric Co.'s power-generation equipment business, David Genever-Watling, boasted of rich profits at his $6 billion unit. Today, he's out of a job. His successor, Robert L. Nardelli, took control over the summer and is telling the troops that bad times lie ahead at the Schenectady (N.Y.) operation.
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