By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics in sports industry
    Here’s How Data Analytics In Sports Is Changing The Game
    6 Min Read
    data analytics on nursing career
    Advances in Data Analytics Are Rapidly Transforming Nursing
    8 Min Read
    data analytics reveals the benefits of MBA
    Data Analytics Technology Proves Benefits of an MBA
    9 Min Read
    data-driven image seo
    Data Analytics Helps Marketers Substantially Boost Image SEO
    8 Min Read
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: General Electric ‘s breach of the spirit and letter of integrity
Share
Notification Show More
Latest News
data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security
ai in software development
3 AI-Based Strategies to Develop Software in Uncertain Times
Software
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Mining > General Electric ‘s breach of the spirit and letter of integrity
Data Mining

General Electric ‘s breach of the spirit and letter of integrity

Editor SDC
Last updated: 2009/03/05 at 1:27 PM
Editor SDC
2 Min Read
SHARE

Way back in the summer of 2004 , I was a junior analyst at General Electric’s consumer finance back office. As part of a small yet elite team that served Shrikant Dash,then VP CRM and founder- CEO of India’s first analytics company GE Analytics ( later merged with GECIS , which became GENPACT)- I learnt […]

Way back in the summer of 2004 , I was a junior analyst at General Electric’s consumer finance back office. As part of a small yet elite team that served Shrikant Dash,then VP CRM and founder- CEO of India’s first analytics company GE Analytics ( later merged with GECIS , which became GENPACT)- I learnt modelling at the hands of people who built the first VBA macros and logistic regression SAS models in India. I also was one of the first holders of GE stock options barely some months out of business school and man I was proud of those 1.90 shares.

And over and over it was drilled into us , in emails ,posters and online trainings – the spirit and letter of General Electric’s integrity. GE’s integrity policy continues to be one of the most demanding in order to cut down on operational risk.Simply put – it said Don’t be caught lying and Dont lie in the first place.

More Read

data mining helps with offsite SEO

Can Data Mining Aid with Off-Page SEO Strategies?

3 Data Mining Tips for Companies Trying to Understand their Customers
5 Data Mining Tips to Leverage the Benefits of Surveys
Perform Data Mining With Web Scrapers to Track Prices
Data Mining Vital Statistics Yields Fascinating Societal Insights

So it was quite disappointing that GE itself is in some sort of accounting scandal at managing earnings, during profit falls at the consumer finance business . The articles now ,the share fall and the suspicion that GE smoothed earnings to boost profits , by cutting down on reserves in the boom days , as it cut back aggressively on the risk portfolio. These are some blog articles http://brontecapital.blogspot.com/2009/03/memo-to-jeffrey-immelt-if-you-are-going.html

but especially Justin Fox’s article in Time http://curiouscapitalist.blogs.time.com/2009/03/04/has-ges-long-history-of-accounting-cleverness-finally-caught-up-with-it/

Guess integrity isn’t what it used to be . Wonder what Neutron Jack would say about this.

 

I guess integrity in 2009 is simply different than in 2004

Share/Save/Bookmark

Editor SDC March 5, 2009
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

data mining helps with offsite SEO
Data Mining

Can Data Mining Aid with Off-Page SEO Strategies?

10 Min Read
using data mining to learn more about customers
Big Data

3 Data Mining Tips for Companies Trying to Understand their Customers

6 Min Read
surveys data
Data Mining

5 Data Mining Tips to Leverage the Benefits of Surveys

11 Min Read
data mining is game changer for small businesses
Data Mining

Perform Data Mining With Web Scrapers to Track Prices

7 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive
data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?