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  • colin_polyps colin_polyps Aug 15, 2012 11:11 AM Flag

    IN less than a decade, BP will be history

    Here's a lesson for you.

    Back in the late 1980's, I left GE Plastics corporate headquarters. At that time, I told one of the people there that GE would be done with GE Plastics in 15 years. At the time Jack Welch ran GE, had come from GEP, and the person I spoke to acted like I was nuts. Plastic's people were riding high, like the SS back in Nazi Germany. Many in other GE divisions actually feared them.

    Well, I got it wrong. GE didn't get rid of GE Plastics in 15 years. It took 'em 18. (To a Saudi company, no less.)

    This guy is right. BP is on it's way down, and quickly, rather than the slow exit of GE Plastics. BP's documented poor maintenance of equipment, poor safety and environmental management, poor morale and other factors are leading to the selloff and reduction of operations. It all adds up to a poor reputation -- and who wants to buy from or work with a loser, when there are many winners to choose from?

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