Passed Over for GE CEO, Dave Cote Thrives at Honeywell

A decade after getting passed over by Jack Welch, Honeywell’s Dave Cote is crushing former rivals
Bloomberg(4); Data: Bloomberg

In the spring of 1999, General Electric Chief Executive Officer Jack Welch invited Dave Cote to dinner in his private dining room at GE’s headquarters in Fairfield, Conn. At the time, Cote was a 25-year GE veteran who’d worked his way up from an hourly job on the floor of GE’s aircraft engine plant in Hooksett, N.H. Since 1996, he’d been running GE’s appliances unit and was now one of a half-dozen GE executives competing to succeed Welch as CEO. Welch cut to the chase: Cote would not get the job.

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