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William D. Cohan on the Rise and Fall of GE

Masters in Business

00:00

GE's 'Asbestos'

Miles: GE had to pay a billion dollars to dredge the Hudson river. They literally sucked all the PCBs out of the floor of the river. Miles: It was mitigated during his tenure, but then it got relituted. But ultimately, this is a feather in his cap because they give him this assignment and he crushes it.

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