Frnakly I have never bought into the Mantra that Jack Welch was the GREAT CEO. He moved jobs and intellectual capial to China. How does that help the US or grow process in his own company GE? It does not. Now it appears that several kings in fact have no new clothes.
Welch rode the great stock boom of the 1990s astride an already successful company, General Electric. Instead of staying in the electrical business he took GE into the financial business. Bad idea. And at the height of the stock boom Welch started writing books reflecting an adoring media. And then of course at 60 something he divorced his wife for a younger woman. Google Jack Welch at Amazon to see the list of books. The stock had already started down as the last couple of books came out. His lavish retirement package finally drew some criticism. Now his succesor and others are not looking so great. It is easy to look good when times are good. When the going gets tough, well.....
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