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Quote of the Day: Jack Welch


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2 hours ago, Razors Edge said:

Is Jack Welch still "respected" or is he now "not quite what he seemed"?

I think he's in the "not quite what he seemed" category because it was basically his setup that resulted in GE's later problems.

He got $417 million in severance pay when he retired and that's certainly far more than he did for GE.  Whenever people say it's capitalism and free enterprise, I say it's a rigged socialism-for-the-wealthy version of capitalism when such huge amounts are awarded on top of previous huge salaries for decades plus huge pensions.

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2 hours ago, Razors Edge said:

Is Jack Welch still "respected" or is he now "not quite what he seemed"?

Is he a man for his time? Definitely.  Is he a man for all seasons? Probably not. Notable leaders rarely are. Notable leaders are people who rise to the challenge, generally.

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Hard to respect anyone nicknamed Neutron Jack.  I agree completely with Mick, it is just ludicrous the way that CEOs and upper executives have money thrown at them like that.  Just seems like an old boys network to me with so many people on so many different boards of directors at once.  I thought interlocking directorates were outlawed back around the turn of the century?  I should research that a little.

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