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  3. The General Electric Company, often criticized for the complexity of its str

The General Electric Company, often criticized for the complexity of its str

游客2023-08-29  57
问题     The General Electric Company, often criticized for the complexity of its structure and the resulting opacity of its numbers, said yesterday that it would break GE Capital, by far its largest business, into four businesses. The reorganization effectively eliminates the job of Denis J. Nayden, 48, the chairman of GE Capital. Each of the new units will have its own chief, who will report directly to Jeffrey R. Immelt, GE’s chairman. "The reason for doing this is simple. I want more direct contact with the financial services teams," Mr. Immelt said.
    The new businesses are GE Commercial Finance, GE Insurance, SE Consumer Finance and GE Equipment Management. Some support functions within GE Capital, including risk management and treasury, will now report to Dennis Dammerman, 57, a GE vice chairman who preceded Mr. Nayden as GE Capital’s chief. Mr. Nayden will remain at GE as an adviser for now, but is expected to leave shortly to start a financial services firm.
    Mr. Dammerman insisted that the reorganization had nothing to do with the increasing clamor from investors, regulators and the news media for greater transparency in accounting and for chief executives to take more responsibility for businesses: Analysts seem to believe him. "This is just what it appears to be, a managerial reorganization which gives leaders more direct access to the office of the chairman," said Martin A. Sankey, a GE analyst.
    The executives leading the new units will also sit on GE’s corporate executive council, a committee made up of the company’s top 25 executives, which meets periodically and discusses various strategic and management issues.
    GE Capital, the company’s largest unit, provided $55 billion of GE’s $124 billion in revenue last year and $5.6 billion of its $ 19. 7 billion in pretax profits. The rest of GE had been divided into 11 other businesses, many of them — lighting and appliances are examples — much smaller than the new GE Capital units, yet each run by someone who reports directly to the chairman. Mr. Dammermn said that Mr. Immelt began talking about breaking GE Capital into more manageable pieces as soon as he took over as chief executive last September. "Jeff didn’t like the extra layer between him and the GE Capital businesses. "
    GE has tried to make GE Capital less mysterious to the outside world. Although GE Capital was officially one unit, it had begun to report quarterly results in five product-related segments — a number that will be reduced to four with the new organization. And analysts say GE Capital’s management has been more accessible than it was in past years, and that Mr. Immelt and other GE corporate executives have been willing to discuss GE Capital in more depth. [br] Which of the following statements is NOT true of Dennis Dammerman?
选项 A、He is now a GE’s vice chairman.
B、He is expected to leave GE to start a new financial services firm.
C、He was once the chairman of GE Capital.
D、He regards the reorganization of GE as an initiative of its own.
答案 B
解析 可定位在文章的第2段，文中指出Dennis Dammerman是GE的副总裁，曾在Nayden之前做过GE Capital的主席。因此，选项A和C都可排除。第3段中，Dammerman否认GE的重组和外界压力有关，因此选项D说重组是GE自己的主动性举措符合原文意思，可排除。而第2段的最后一句中明确陈述即将离开GE的是Nayden，故答案为B项。
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