by Robert T.
Monday, March 4, 2013
Greater Than the Sum of Its Parts
Making a great company even greater
The year is 1992. The event is the merger of Martin Marietta and GE Aerospace.
It is one of the first transactions that set the course to make a great company
even greater. Norm and Jack do the heavy lifting and sequester a small group of
executives in a suite of offices in the GE building to make it happen. It does
not take long. When it closes, every one of the key executives knows his or her
new job. Norm makes certain it is not a game of winners and losers. He also makes
certain than the combined companies are more cost-effective than either one was
before the transaction. There are no casual Fridays at headquarters and no
answering machines. That is poor face to the customer. What else would you
expect from Norm?