
The Good Ole Days at GE Lamp
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The
rumors of a sale have been around since the days of Jack Welch, who earned a
nickname that he despised, and we shall not dignify here. On Wednesday, 9 July, we published a headline
on our left column “M&A Deal almost complete.” Today, we received a call from a former colleague
who had two voice mails that GE Lighting “was about to be sold.” I spent most of the evening on the phone and did
correspond with a few current employees.
Turns out there is no “sold sign” yet, but publicly GE acknowledges that
their Lighting Business is for sale.
For
many of us who started our careers with GE, it is an especially sad day. Your humble editor began his career as a GE
Large Lamp Salesman. As a naïve college
senior, I was fortunate enough to be interviewed on campus by GE. In preparing for the interview, I called my
mother to tell her I would be interviewing with Matt Thompson from the “Large
Lamp” Department. Not understanding
anything about C& I sales, we both surmised that I would go door to door
selling really big lamps…She agreed to be my first customer.
My
regional manager was a gentleman by the name of Wally Holtzinger. Wally was old-school, but believed in the
customer. He was not interested in reports or meetings, he believed in
relationships and results. If powerpoint
were around then, he would have hated it.
Wally wrote letters sometimes as short as three sentences. One received a letter from Wally with very
anxious emotions like one would receive an envelope from the IRS –could be the
beginning of a very long audit, or an unexpected refund check.
In
those days, we did not need a receipt for any meal under $25. One of my fellow rookies turned in an expense
account with $24.99 for each breakfast, lunch and dinner for an entire week. Wally wrote him a one sentence letter that
stated, “The ‘G’ in GE does not stand for ‘generous’ nor does it stand for ‘gouge’
and your expense account is grossly out of line.” He copied everyone in the region and that
salesman was quickly sent home. To this
day, if I err on my expense account, it is always in the favor of the company.
I
called on GE Supply and the manager explained to me that when he died, he
wanted to come back as a GE Lamp salesman.
He took me to the parking lot and pointed to my brand new Chrysler
LeBaron complete with vinyl top, a car that I ordered myself. He pointed to his car, a Dodge Aires. He needed a receipt for every expense. I had
been with GE for three months; he had been with GE for 22 years.
Our
industry is full of leaders from GE such as Neil Schrimsher at Cooper Lighting
and Keith T.S. Ward of EYE
Lighting. Some started their own
companies like Wayne Hellman at Venture Lighting where GE was practically a
farm club in the early days. Others
retired from GE and offered their consulting services such as Ed Hammer who has
dramatically improved technology at several companies since leaving GE. Others sold lamps for GE and now sale fixtures
for Acuity Brands such as San Dodgen. Still
others like Al Meredith used their technical skills at both GE and Juno.
GE
invented the incandescent lamp and the CFL and many in between.
What
will happen? The employees we spoke to said obviously they expect the brand to
stay. How does one come up with a price
for the GE monogram? When GE sold their appliance
business to Thomson in the 80’s, Thomson was allowed to continue selling under
the GE brand. Look for a similar deal
with lighting. Will Nela Park go away?
No one knows. Will Hendersonville stay
or be sold separate? Only time will
tell.
If
Wally were still around, I am sure he would be very sad, too.
If
you have stories which you would like to share send them to me at editor@edisonreport.net