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Topic: Jack Welch


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In the News (Mon 30 Nov 09)

  
  Jack Welch - Wikipedia, the free encyclopedia
Welch was born in Peabody, Massachusetts to Irish-Catholic parents John, a Boston and Maine Railroad conductor and Grace, a housewife.
Jack Welch had a record salary of $94 million a year, followed by his record retirement-plan of $8 million a year.
Welch had crafted a prenuptial agreement, Beasley insisted on a ten-year time limit to its applicability, and thus she was able to leave the marriage with an amount believed in the range of $180m [6].
en.wikipedia.org /wiki/Jack_Welch   (1796 words)

  
 Jack Welch Relationships
Jack Welch needs to learn to be gentler and less of a perfectionist with others and with himself.
Welch is very wholehearted in his feelings and responses to people, and he wants all or nothing from the people he cares for.
Jack Welch craves very intense, deep, emotional relationships, and would even prefer stormy, tumultuous relationships to ones that are smooth but lacking vitality and passion.
www.topsynergy.com /famous/Jack_Welch.asp   (567 words)

  
 EZGeography - Jack Welch   (Site not responding. Last check: 2007-10-21)
Welch was born in Peabody, Massachusetts to Irish-Catholic parents John, a Boston & Maine Railroad conductor and Grace, a housewife.
During this period 1980-2000 (of Jack Welch being GE Chairman) GE revenues increases similarly were almost all due to inflation increases (which increased prices 100-200 % during this 1980-2000 period).
The second marriage is widely known as Jane cleverly included a provision to neutralize a prenuptial agreement that would have protected Welch's wealth in case of a divorce.
www.ezgeography.com /encyclopedia/Jack_Welch   (1202 words)

  
 Jack Welch 1935— - EARLY LIFE, EARLY LESSONS, LEADING GE, MANAGEMENT STYLE
Jack Welch was born in Peabody, Massachusetts, to a blue-collar Irish-Catholic family and was raised in Salem.
Welch was typically curt and had little patience for half measures and was similarly combative in performance-review meetings, in which company leaders would discuss the employees within their respective divisions.
Welch could be quick to make judgments with seemingly limited knowledge, but he sought to provoke advocacy from his management and ultimately trusted them to tell him when he was wrong.
www.referenceforbusiness.com /biography/S-Z/Welch-Jack-1935.html   (2945 words)

  
 Jack Welch biography - Shareholder Value, Six Sigma
Welch was working as a junior engineer in Pittsfield, Mass., at a salary of $10,500, but he was simply unhappy -- partly due to the measly raise he was offered, as well as what he felt was GE's strict bureaucracy.
Welch's steadfast rise to the top of the GE ranks was thanks to his aggressive marketing of the company's products and services.
Jack Welch's success as CEO of GE is in large part due to his tremendous leadership skills.
www.valuebasedmanagement.net /leaders_welch.html   (725 words)

  
 SEC looking into Welch's retirement contract. - Sep. 16, 2002
Welch refuted some of the claims made by his wife, saying he's always paid for his personal meals, that he doesn't have a cook, and has no personal tickets to cultural and sporting events.
Welch also agreed to pay the cost of his use of all other facilities and services GE formerly agreed to provide such as planes and the company apartment, which he expects to total $2 million to $2.5 million a year.
Welch is credited with helping turn GE into the world's most valuable company during his 20-year tenure at the helm of the conglomerate, which makes a wide range of products including light bulbs and aircraft engines.
money.cnn.com /2002/09/16/news/companies/welch_wsj   (1168 words)

  
 Overvalued: Why Jack Welch Isn't God
Welch's critics (when they can be found) typically point to the massive layoffs he has overseen at GE or to allegations that GE plants have polluted the Hudson River.
But there's simply no denying that Welch — unlike, say, Jones — ran GE during a period when the winds of investor sentiment blew mightily at the backs of share prices, and that much of his eye-popping share-return performance is attributable to a general sea change in what investors are willing to pay for stocks.
As the Welch era winds down, some critics have suggested that the methods by which GE produces its vaunted quarterly growth numbers may be less than pristine.
robwalker.net /html_docs/welch.html   (2928 words)

  
 General Electric : Our Company : GE At-a-Glance   (Site not responding. Last check: 2007-10-21)
Welch, a native of Salem, Massachusetts, served as Chairman and Chief Executive Officer of General Electric from 1981-2001.
Welch retired as Chairman and CEO of General Electric in September 2001.
Welch published his autobiography, "Jack, Straight From The Gut." The book quickly jumped to the #1 spot on bestseller lists from "The New York Times," "The Wall Street Journal," Amazon.com, "USA Today" Non-Fiction and the Association of Independent Booksellers.
www.ge.com /en/company/companyinfo/at_a_glance/bio_welch.htm   (194 words)

  
 Jack Welch, CEO, General Electric - a Corporate Change Leader (free Business e-Coach)
Having taken GE with a market capitalization of about $12 billion, Jack Welch turned it into one of the largest and most admired companies in the world, with a market value of about $500 billion, when he stepped down as its CEO 20 years later, in 2000.
Although Jack Welch is "the celebrated leader of a global manufacturer often noted for its technological prowess, he has utilized a very human process to drive change through GE's vast organization.
As Jack Welch wrote in a letter to shareholders: "In the old culture, managers got their power from secret knowledge: profit margins, market share, and all that...
www.1000ventures.com /business_guide/crosscuttings/cs_leadership_welch.html   (982 words)

  
 Jack and Kate Welch
Eventually the isolation and old age possibly combined with Jack’s apparent problem with alcohol began to take their toll.[4] By the late 1930s, airplanes were replacing dog teams for carrying mail and Jack lost the contract.
Welch's death and Jack's disappearance, the Woodchopper Roadhouse was left to the elements.
Stay there in afternoon, because Jack Welch, whom I wanted to take me to Circle, was drunk, and unfit to operate his gas boat." (J.B. Mertie, USGS Field Notebook (1925), pg 68.) There are a number of other entries noting Welch being unable to operate his boats due to his drunken condition.
www.nps.gov /yuch/Expanded/mining_history/jack_welch/jack_welch.htm   (1521 words)

  
 06/08/98 HOW JACK WELCH RUNS GE
This is face-to-face with Jack, not so much as the celebrated chairman and chief executive of GE, the company he has made the most valuable in the world, but rather as Professor Welch, coach and teacher to 71 high-potential managers attending a three-week development course.
Welch is uncommonly conscious of the signals and symbolism of leadership.
Welch wanted her to know that despite his decision, he had been impressed with the quality of her analysis and her presentation.
www.businessweek.com /1998/23/b3581001.htm#Main   (6917 words)

  
 AskMen.com - Jack Welch pics
Welch joined General Electric in 1960, and after only a year, wanted to leave the company to take a job offer he had received from International Minerals & Chemicals.
Welch's success as CEO is in large part due to his tremendous leadership skills.
Welch's corporate culture is like no other; what he hated about the organization in his early days as a chemical engineer, is exactly what he transformed as CEO: the red tape and bureaucracy of the company.
www.askmen.com /men/business_politics/45c_jack_welch.html   (802 words)

  
 10/28/96 JACK WELCH'S ENCORE
In what could well be Welch's final legacy, the 60-year-old executive is hard at work assuring that GE builds on the strengths it has gained in his reign.
Welch walks five miles on a treadmill most mornings, and his grueling travel schedule regularly takes him to Europe and Asia.
Welch's GE is still a work in progress, but there is no doubting its direction.
www.businessweek.com /1996/44/b34991.htm   (3045 words)

  
 Amazon.com: Winning: Books: Jack Welch,Suzy Welch   (Site not responding. Last check: 2007-10-21)
Welch's first book, Jack: Straight from the Gut, was structured more as a conventional CEO memoir, with stories of early career adventures, deals won and lost, boardroom encounters, and Welch's process and philosophy that helped propel his success as a manager.
Jack Welch and The 4 E's of Leadership by Jeffrey A. Krames
Jack Welch's 2001 bestseller Straight From The Gut was widely read, and then criticized, for being long on stories and short on any kind of actionable and practical advice.
www.amazon.com /exec/obidos/tg/detail/-/0060753943?v=glance   (2841 words)

  
 Wall $treet Week with FORTUNE . TV Program | PBS
JACK WELCH: Well, Geoff, when I agreed to come on this show in August from the beach in Nantucket, I didn't know I'd be on at the end of a week that I got more publicity than I got anytime I was ever CEO of GE during 21 years.
And so it's rather alarming, and of course disturbing, that private divorce filings, a private life and divorce filings can be filed by one side that, you know it put things in a certain light representing a part of the case.
WELCH: Geoff, I think that's not -- when I came (to agree to be) on this show in August, I didn't intend to talk about this.
www.pbs.org /wsw/tvprogram/welchinterview.html   (1383 words)

  
 USATODAY.com - Former GE boss Welch to write a how-to book   (Site not responding. Last check: 2007-10-21)
NEW YORK (Reuters) — Jack Welch, the former General Electric (GE) chairman, plans to write a how-to business book with his fiancee that will be a follow-up to his best-selling memoirs.
Welch, a titan of U.S. business who retired as GE chairman in 2001, was considered one of the country's most respected executives.
Welch's relationship with Wetlaufer began when she interviewed him for the review and subsequently became an issue in his rancorous divorce.
www.usatoday.com /money/books/2004-02-04-welch-book_x.htm   (310 words)

  
 Amazon.com: Jack: Straight from the Gut: Books: Jack Welch,John A. Byrne   (Site not responding. Last check: 2007-10-21)
Jack Welch feels that in between those events he helped create "the greatest people factory in the world, a learning enterprise with a boundaryless culture." In looking back on his role, he sees it as being 75 percent about people, and 25 percent about everything else.
In the case of this book, Jack Welch was born to relatively modest beginnings and became one of the most powerful men in the world.
Jack is a follower of Peter Drucker and credits him with his, "Fix, Sell or Close" philosophy relating to his strong belief of being number one or number two in any business GE is in.
www.amazon.com /Jack-Straight-Gut-Welch/dp/0446528382   (2623 words)

  
 Jack Welch Presentation - MIT Sloan School of Management
Jack Welch's advice to MIT Sloan students: "Always err on the side of bold."
When Jack Welch blew up a plastics plant he was working at as a 25-year-old engineer, even he little realized that the crisis would be instrumental in turning him into one of the most successful leaders of modern day commerce.
Welch shared this and other leadership tales — both cautionary and inspirational — with an overflowing audience at MIT Sloan's Wong Auditorium on Tuesday, April 12.
mitsloan.mit.edu /newsroom/2005-jackwelch.php   (685 words)

  
 USATODAY.com - Reports say Jane Welch had affair   (Site not responding. Last check: 2007-10-21)
Jack Welch has a collection of e-mail messages, phone records and faxes to prove the affair, according to the unnamed sources, the Journal said.
The battle is over the Welch fortune, which Jack Welch disclosed to the court to be worth $456 million.
Jack Welch's lawyers say he has offered property, stock and cash worth $130 million over Jane Welch's lifetime, which Zabel disputes, the Journal reported.
asp.usatoday.com /money/companies/management/2002-12-01-welch_x.htm   (316 words)

  
 Jack Welch: 'I Fell In Love', Jack And Suzy Welch Tell Their Story To Dan Rather - CBS News
Welch sat down with Correspondent Dan Rather to set the record straight — not only about his successes, but about the negative headlines as well.
Welch acknowledges the unions at GE didn’t always love him, but stockholders did.
Jack Welch, former CEO of GE, and his wife Suzy Welch, discuss how they met, their romance, and their age difference in an exclusive interview with Correspondent Dan Rather.
www.cbsnews.com /stories/2005/03/24/60II/main682830.shtml   (1104 words)

  
 Amazon.co.uk: Jack: Straight from the Gut: Books: Jack Welch   (Site not responding. Last check: 2007-10-21)
Jack Welch was Chairman and CEO of General Electric for twenty years and this is a book about his time from joining to leaving the company that became his life.
Jack Welch doesn't seem to be the kind of CEO to run scared of the change no matter how painful that be.
Jack Welch's 20 years as CEO and Chairman of The General Electric Company, the biggest corporation in the world, proves that his ideas and leadership made the difference!
www.amazon.co.uk /exec/obidos/ASIN/0747249792   (2491 words)

  
 Forum: When the media are the massage   (Site not responding. Last check: 2007-10-21)
Welch, who sued for divorce once she learned he'd had an affair with a younger woman.
The romance coincided with a profile Wetlaufer was writing on Welch for the Harvard Business Review, of which she was editor, a stupefying breach of journalistic ethics (no, that's not an oxymoron).
In infotainment land, unsupported superlatives -- "the legendary Jack Welch, the century's greatest CEO" -- are the lingua franca.
www.post-gazette.com /pg/05100/485356.stm   (1502 words)

  
 Jack Welch and the GE Way: Management Insights and Leadership Secrets of the Legendary CEO by Robert Slater - ...
Since Jack Welch assumed the position of CEO at General Electric in 1981, the company has soared to the top of the Fortune 500, with a market capitalization in excess of $250 billion.
This is a story about Welch, who, in his 17-year tenure as CEO of General Electric, has developed the firm into Fortune's 1997 choice as the most admired company in America.
This is the author's third book on Welch, and Slater enjoys complete cooperation from the subject and his company, which reaps highly effective public relations from this glowing report, although Slater contends that no approval of the manuscript was given by anyone at GE.
www.leadershipnow.com /leadershop/8104-5.html   (944 words)

  
 Jack on Jack: His Next Chapter - Newsweek Business - MSNBC.com
Then, upon his retirement in 2001, Welch published his memoir, "Jack: Straight From the Gut," which gave the former boss the chance to receive some candid reviews of his own.
Designed as a comprehensive instruction manual for corporate climbers, "Winning" describes his rules on leadership; how to implement Welch's famed system for rating employees as A's, B's and C's; how to hire and fire; how to survive when your employer is acquired, and how to plot strategy.
His voice drops a few decibels when he dishes, lacing the scuttlebutt with phrases like "my sources tell me..." Welch may be even more plugged-in these days, since other moguls are more willing to seek his advice now that he's not a competitor.
www.msnbc.msn.com /id/7305758/site/newsweek   (1168 words)

  
 Divorce papers detail Welch's perks from GE - Sep. 6, 2002
In her filing, Jane Welch describes $126,820 per month in living costs, but states she is unable to put a value on the items covered by the GE perks or how much Jack Welch may contribute to those, the Times reported.
For an example, she provided an assessment of the use of GE's Boeing 737 jet, which is valued at $291,869 per month, or $3.5 million a year, according to the Times.
GE released a statement Friday saying its employment agreement with Welch, which listed "company aircraft, cars, office, apartments, and financial planning services," has been publicly available for six years on the Securities and Exchange Commission's Web site.
money.cnn.com /2002/09/06/news/companies/welch_ge   (384 words)

  
 02.10.99 - Jack Welch Holds First Academic Post for SETI
The Watson and Marilyn Alberts Chair in the Search for Extraterrestrial Intelligence was created last year thanks to a generous gift by the two alumni, who have had a long-standing interest in the field.
Welch is set to embark on one of the most ambitious SETI projects to date -- construction of an array of 500-1,000 radio telescopes dedicated in part to searching for intelligent signals from space.
He currently has a joint appointment in the astronomy and electrical engineering departments and is vice president of the SETI Institute.
www.berkeley.edu /news/berkeleyan/1999/0210/welch.html   (392 words)

  
 A Conversation with Jack Welch by Jack Welch on Online Video - Free Audio
When Jack Welch was a young manager, he blew the roof off one of General Electric’s factories in a chemical accident.
This episode proved seminal to Welch’s philosophy and subsequent corporate career, and serves as one of many pithy lessons he offers in a lively conversation at MIT Sloan.
He admits some of his personnel ideas make people uncomfortable: in particular, his notion that 10% of employees will never succeed, and should be shown the door as expeditiously as possible.
www.learnoutloud.com /Free-Audio-Video/Business/-/A-Conversation-with-Jack-Welch/15474   (450 words)

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