Louis Chenevert: How United Technologies’ CEO Pulls the Strings to Attain Global Success
America’s manufacturing sector was once considered to be a major contributor in the country’s GDP. Once contributing to 25% of the GDP in the 1950s currently produces half that percentage factoring inflation and other variables. At such a time, UTC was widely tipped to be a dominant force courtesy of its unique ability to develop advanced jet engines for both commercial and military aircraft. Alternatively, the company is also responsible for the developing the best escalators and elevators worldwide. The company’s remarkable success stems from diversifying in various sectors stretching to providing refrigerators, air-conditioning units and assembling more helicopters than any other U.S enterprise. …show more content…
In a nutshell, the company has never failed to pay its dividends in its 77 years since inception.
Unknown to most people, much of the company’s success stems the leadership at the helm with more emphasis on its Chairman and CEO, Louis Chenevert. Mr. Chenevert is credited with various accomplishments that directly contributed to UTC’s growth. Since his appointment in 1993, UTC has witnessed unprecedented success coupled by significant gains in the market. While at the helm, UTC has experienced a dramatic rise in share prices from $37 to $117. Secrets behind the
America’s manufacturing sector was once considered to be a major contributor in the country’s GDP. Once contributing to 25% of the GDP in the 1950s currently produces half that percentage factoring inflation and other variables. At such a time, UTC was widely tipped to be a dominant force courtesy of its unique ability to develop advanced jet engines for both commercial and military aircraft. Alternatively, the company is also responsible for the developing the best escalators and elevators worldwide. The company’s remarkable success stems from diversifying in various sectors stretching to providing refrigerators, air-conditioning units and assembling more helicopters than any other U.S enterprise. …show more content…
In a nutshell, the company has never failed to pay its dividends in its 77 years since inception.
Unknown to most people, much of the company’s success stems the leadership at the helm with more emphasis on its Chairman and CEO, Louis Chenevert. Mr. Chenevert is credited with various accomplishments that directly contributed to UTC’s growth. Since his appointment in 1993, UTC has witnessed unprecedented success coupled by significant gains in the market. While at the helm, UTC has experienced a dramatic rise in share prices from $37 to $117. Secrets behind the