<![CDATA[Gawker: valleywag, ge]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, ge]]> http://gawker.com/tag/valleywag/ge http://gawker.com/tag/valleywag/ge <![CDATA[Tesla CEO Says GE's an Investor, but GE Says No]]> Yesterday, we noted an upcoming Car & Driver interview with Tesla Motors CEO Elon Musk in which he claims GE Capital is investing in the electric-car maker. Today, GE told us nuh-uh.

Musk, apparently eager to give the magazine an exclusive and reassure buyers who must put down a sizeable $40,000 deposit for a car that they won't see until 2011 at the earliest, said that GE Capital was an investor:

Q: What can you say to reassure buyers fearing you might go under?

A: Even in the worst case of an Armageddon scenario, I'll personally refund people [their money] if need be. I think there's very little danger of that. We've raised around $40 million, and a bit of news that hasn't come out yet [is] General Electric is investing in Tesla. [GE Capital] will be the second-largest investor in this round, after me. Our business plan that we presented to investors gets us to profitability by the middle of this year, even if some negative stuff happens.

A Car and Driver spokeswoman confirms that the magazine is running a story on Tesla in its May issue.

Musk appears to speaking about Tesla's long-delayed $40 million debt financing round which just closed this month. We asked GE if they had invested in the company. Andy Katell, a spokesman for the GE Energy Financial Services unit said no:

We have not invested in Tesla, although we are closely watching it and several other companies in this area.

In January, speaking at a town-hall-style event for Tesla buyers, Musk had hinted that a major player with a "household name" would soon announce an investment in Tesla. So add this to the list of Musk's statements which later prove inoperative.

Update: Tesla now says GE had promised an investment at the time Musk gave the interview to Car and Driver, but backed out the day it was supposed to wire funds to the company.

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<![CDATA[The Creepy Corporate Cult Behind Last Night's 30 Rock]]> Who's the newest Six Sigma expert? Tina Fey. The cultish quality process observed by her employer, NBC Universal, is a predictable source of profitable laughs for her show, 30 Rock and all too real.

Six Sigma has been part of America's corporate culture for a couple decades now; some 80 percent of the 100 largest American companies now use it. But General Electric, NBC's parent, is particularly famous for its Six Sigma fetish. GE does not think it's a laughing matter: "It is not a secret society, a slogan or a cliche," GE's website harrumphs.

What does it means in practice? As Universal found out after GE bought the Hollywood studio, it means lots and lots of meetings. "They are very focused on results," Universal Studios president Ron Meyer said of his new owners to the Times in 2004, after the acquisition. "They don't want surprises."

The idea behind Six Sigma is that every process of a business should be executed with as few errors as possible — the target Six Sigma aims for is 3.4 errors in every 1 million attempts. Now, lots of companies follow silly management philosophies. But Six Sigma takes on religious overtones at G.E. because of its followers fervent belief that it is a universal belief, enforced in every facet of the corporate empire. Even, at one point, according to a (maybe apocryphal) well-told anecdote to comedy writing. Former GE chief executive Jack Welch is said to have once ordered the counting of the number of laughs each episode of NBC's sitcoms.

Eliminating deviations is entirely wrongheaded when the audience wants something fundamentally new. Six Sigma's not a bad practice for industrial manufacturing, but it's not easily applied to fields like information technology, entertainment, R&D, or startups — in other words, everything that increasingly drives what's left of our economy.

Then again, maybe Fey, who bought a copy of Six Sigma for Dummies, is learning something. When 30 Rock launched in 2006, Fey sprinkled episodes with Six Sigma jokes. One of her comedic predecessors, David Letterman, delighted in mocking GE after it bought NBC. Here is a process that can be defined, measured, analyzed, improved and controlled: biting the hand that feeds you. It delivers a laugh every time. The black belts would be proud.

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<![CDATA[GE dumps "intrusive" Google Docs for Zoho]]> An anonymous GE spokesperson told Silicon Valley WebGuild that the corporate megalith has punted on Google's browser-based office applications in favor of Zoho tools. For Zoho, it's a big step up from popular-with-geeks status and closer to large-scale enterprise vendor credibility. What killed Google? The money quote:

A GE spokesperson who did not want to be identified said their decision was based around issues of personal and corporate privacy, functionality, support, features and Zoho won hands down. The spokesperson said the Google application was intrusive and the ads started to become a nuisance.

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<![CDATA[Presenting the Googlephone]]> Forget HTC's Android-running Dream, expected out this October. General Electric has brought the Googlephone to life. GE's Digital Enhanced Cordless Telecommunications, or DECT, version 6.0, has a handy built-in Goog-411 button, to spare users the burden of dialing 1-800-GOOG-411. It's already on store shelves for $60.

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<![CDATA[New Apple board member the right woman for job]]> JungSteve Jobs has quieted one long-running concern of unhappy Apple shareholders by naming Avon CEO Andrea Jung to the male-dominated board of the Cupertino-based computer maker. Jung will be the board's first female member in nearly 11 years. The addition likely has nothing to do with appeasing feminists, however, and everything to do with Jung's business connections. She also serves on the board of GE, the parent of NBC Universal. Apple's media strategy has been hindered by a feud between NBC's Jeff Zucker and Jobs over selling TV shows online. Jung will likely have to recuse herself from any direct dealings. But as a behind-the-scenes peacemaker? She's perfectly made up. (Photo by Avon)

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