Summary
For many years, United Technologies and chief executive George David seemed to have labored in the shadow of General Electric and Jack Welch. Both companies are based in Connecticut and both are "conglomerates," a term neither likes but one which nonetheless marks them as two of a kind. But UTC will reach $40 billion in sales this year and seems poised for continued double-digit gains at a time when GE has been forced to regroup after Welch's retirement to find the next leg of growth. A panel of chief executives has selected David as Chief Executive's 20th CEO of the Year. There's no argument that David, 63, has clone an exceptional job since becoming president in 1992 and CEO in 1994. While presiding over a headquarters staff of only 400 people, he has pushed his unique mix of management methods and disciplines through an organization of 210,000 employees.
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Extract
George David Steps Out
For many years, United Technologies and chief executive George David seemed to have labored in the shadow of General Electric and Jack Welch. Both companies are based in Connecticut and both are "conglomerates," a term neither likes but one which nonetheless marks them as two of a kind.
David may have preferred the lower profile. UTC historically hasn't marketed its own brand name, preferring instead to emphasize its Otis elevators, Carrier air conditioners, Pratt & Whitney aircraft engines, Sikorsky helicopters ...See the full content of this document
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