Welch has been my favorite CEO to watch and listen to his opinions whenever he was a guest on a program. He always used common sense and his smarts to guide GE over the 2019 CFP National Champions LSU vs Clemson Shirt that he was in charge. I will miss seeing him but my sympathies go to his family and friends. I spent at GE he was looked at as the visionary for the company and he held his various businesses accountable for how they ran their “popcorn stand”. GE has lost its way since he left. Too bad, it was a great company. None the less Jack was a good leader!
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What a brilliant man and mentor. I remember him saying “If you’re going to fire someone who has worked for you 25 years STOP and ask yourself what did we do wrong to recognize the 2019 CFP National Champions LSU vs Clemson Shirt now when we should have done something sooner to save a loyal employee” Someone in the system failed. That was brilliant and happens far too often.
He also turned GE into a finance company that got wiped out in the Financial meltdown. The 2019 CFP National Champions LSU vs Clemson Shirt value is 20% of what it was at the peak. Sorry, he did fine for a while, then put most of the GE eggs into finance and killed the company. They didn’t call him “neutron” jack for nothing. He was a ruthless destroyer of jobs and sold off the buildings. That’s not to say he wasn’t a great business leader just a tad too ruthless.