Talk:Jack Welch/Archives/2011

Where was he born?

There are two places of birth listed in the article: Peabody and Salem. —Preceding unsigned comment added by 141.157.167.158 (talk) 03:22, 8 February 2011 (UTC)

Where did he get the money?

If he has an estimated net worth of $720m, where did it all come from if his annual salary was $4m when he left with a parachute of $8m? 141.114.159.136 (talk) 23:12, 16 November 2010 (UTC)

Ambiguous Statement

What does "CSR" stand for in this passage? "His views are often described as controversial, particularly regarding CSR," It links to a disambiguation page only and it's not clear what CSR is intended to mean. —Preceding unsigned comment added by 24.6.228.80 (talk) 22:01, 29 July 2009 (UTC)

Plagiarism

This page reeks of stolen material from here: http://www.businessweek.com/1998/23/b3581001.htm

Unflattering image

I'm not exactly a Jack Welch fan but that picture is so very unflattering that I perceive the choice of this picture to be the expression of a hostile point of view toward Welch. IMHO this should be replaced with a better picture... and if nobody can find a better one, IMHO this one should be removed. Dpbsmith (talk) 18:12, 13 Jun 2005 (UTC)

The most complex organization

Welch gained a solid reputation by using his uncanny business instincts and unique leadership strategies to run GE, the most complex organization in the world [...]

I changed this to "the most complex enterprise", as "organization" is a little too all-encompassing and thus perhaps not correct, although I'm not sure if the statement is now any better. Is GE "the most complex", and if yes by what measure? 82.181.62.247 14:17, 24 August 2006 (UTC)

I'm not sure...

... but shouldn't "...411,000 employees at the end of 1980, and 299,000 at the end of 1985." be "411,000 employees at the end of 1970, and 299,000 at the end of 1985."? —The preceding unsigned comment was added by 74.72.136.191 (talk) 02:05, 17 December 2006 (UTC).

No. Welch was talking about a 5 year period where many GE employees were laid off. The period was roughly 1980-1985. The article is correct. Enigmaman 20:19, 22 May 2007 (UTC)

Welch and PCB Pollution in Hudson River

I'm surprised this is not mentioned. A quick Google of Welch GE PCB brings up his role in keeping GE from having to cleanup PCBs for years (beginning in the 70s), and his questioning in an interview with Patricia Daly of ICCR as to whether PCBs are dangerous.

Strange. —Preceding unsigned comment added by HamTech87 (talk • contribs) 11:29, 30 September 2007 (UTC)

bad quotation and commentary

regarding the addition of: On April 16, 2008, Welch, who handpicked Jeffrey Immelt to succeed him as chief executive officer at General Electric Co., effectively threw Immelt under the bus when he said his protege ``has a credibility issue following the company's surprise first-quarter profit shortfall. Here's the screw-up: You made a promise that you'd deliver this and you miss three weeks later, Welch, 72, said today on the GE-owned CNBC network's Squawk Box program. ``Jeff has a credibility issue. He's getting his ass kicked. On April 17, 2008, he said his statement was “misinterpreted.”

while that is partially accurate, the term "threw immelt under the bus" is quite biased. the source is not cited, and worse off it is not properly quoted. the citation i think the biased individual is referring to can be found here http://www.cnbc.com/id/15840232?video=713975597&play=1 and after listening to the lengthy interview i do not here the quote as it was written down on this article.

12.169.70.10 (talk) 15:54, 17 April 2008 (UTC) concerned individual

Bartiromo Reports Jack Welch Funded AIDS Vaccine

Did anybody happen to catch CNBC's Closing Bell yesterday? Maria Bartiromo reported that Jack Welch has offered a $100 million award for the first researcher to develop a workable AIDS vaccine. But the real story is, Rupert Murdoch told CNBC that he didn't believe a vaccine was possible, and sardonically mocked Welch's "paltry" offer. I move that this be incorporated into the article.

Keith Ellington (talk) 18:19, 7 February 2009 (UTC)

GE was recently fined by the SEC 50 million for manipulating earnings in 2002 and 2003 according to the WSJ. Is Jack Welch responsible for any of this? —Preceding unsigned comment added by 67.247.0.122 (talk) 19:17, 5 August 2009 (UTC)

Isn't Jack Welch famous for wrecking the social contract?

I thought the most outstanding and lasting impact of Jack Welch's reign at GE was that he broke the old social contract.

It used to be that companies took care of employees for life, but in return employees had a great deal of company loyalty and formed an immensely valuable human asset.

After Welch pioneered broke the company's side of the deal, for an immediate profit, the company had a huge but hidden loss of employee loyalty. Who would stick up for the company, even if it were easy but nobody was looking, if it had betrayed them?

Somebody who is familiar with the details or references might want to add whatever the story is here.

66.127.52.41 (talk) 04:01, 31 October 2009 (UTC)

Now it's "criticism" because a CEO is a free marketeer?

So basically a CEO who believes in the free market is valid criticism? Might as well put this section in every CEO's bio. Newsflash: CEO thinks executives should be well-compensated. Lame. —Preceding unsigned comment added by 97.90.3.180 (talk) 06:18, 6 November 2010 (UTC)

miscalculation

"Of the 112,000 who left the payroll, 37,000 were in sold businesses, and 81,000 were reduced in continuing businesses" - 37,000 + 81,000 = 118,000. SHIMONSHA (talk) 16:27, 3 December 2011 (UTC)