Jack Welch dead at 84: Trump leads the
tributes to legendary former chairman and
CEO of General Electric who was dubbed
the 'manager of the century' after he passes
away from renal failure
Daily Mail (UK),
by
Leah Simpson
Original Article
Posted By: Imright,
3/2/2020 2:18:03 PM
Former Chairman and CEO of General Electric Jack Welch has died at 84, his wife Suzy, 61, confirmed on Monday.Welch died from renal failure at home in Massachusetts Sunday and was surrounded by his beloved family and his dogs.President Donald Trump led tributes Monday, calling him a 'friend and supporter' and saying 'there was no corporate leader like "neutron" Jack'.'Jack Welch, former Chairman and CEO of GE, a business legend, has died.' Trump tweeted. 'We made wonderful deals together. He will never be forgotten. My warmest sympathies to his wonderful wife & family!'Welch led GE for 20 years from 1981 to 2001,
Reply 1 - Posted by:
DVC 3/2/2020 2:34:18 PM (No. 334597)
Good riddance. His horrible management practices have harmed many US companies. The system is that insists that the bottom 10% need to be basically fired or pushed hard to leave, every year, endlessly. It sounds smart at first.
I worked at a large govt weapons contractor who had been at 8500 employees in the Cold War. When the Cold War ended, budgets were cut dramatically. By '92, we had laid off until we had 2200 employees left.
A few years later Welch methods came into play. At this point, after laying off 3/4 of the work force, the "bottom 10%" folks were still really competent and skilled. Beating them up and forcing them out was just stupid as hell. And it was IMPOSSIBLE to say "all my people meet all our standards" THAT is a WRONG answer, gets the manager dinged and put to the bottom 10% of HIS group.
And the system fails to recognize that if you DID have bad folks, after some period of time, they were all gone and you could possibly have all good folks. Nope, not a permissible concept that the system could ACTUALLY WORK and get you all good employees.
So, we each got our "turn in the barrel" to be berated for some minor, or imaginary thing, for which we would be forgiven and forgotten next year, when it was some other person's turn. Horrible system.
I despise the man without ever meeting him for his hideous management plan.
17 people like this.
Reply 2 - Posted by:
Enoch Powell 3/2/2020 2:45:17 PM (No. 334613)
Several generations of G.E. people in my family... and I'm not a kid. He brought G.E. to the place where it is now. Nowhere. Unbelievably bad CEO. Followed by worse. But he did o.k. for himself. A bitter, nasty man has died. Good riddance indeed.
13 people like this.
Reply 3 - Posted by:
zephyrgirl 3/2/2020 2:56:28 PM (No. 334626)
Welch started GE on its decline by moving out of manufacturing and into financial services and got out before it crashed with a huge severance package. On his way out, he stuck GE with Jeffrey Immelt who finished the job of running GE into the ground.
13 people like this.
Reply 4 - Posted by:
Aud 3/2/2020 3:13:10 PM (No. 334638)
“τὸν τεθνηκóτα μὴ κακολογεῖν” (cribbed from Wikipedia) but in Welch’s case, it is hard to resist. Maybe I should think of what Thumper said his mother told him: “If you can't say somethin' nice, don't say nothin' at all.”
Saying - writing actually - nothing at all.
2 people like this.
Reply 5 - Posted by:
paral04 3/2/2020 4:00:32 PM (No. 334674)
Welch had no vision. For example, GE had a division that was selling cloud services for 20 years a.k.a. computer time sharing and sold it off. According to him, there was no future for it. He was only interested in pumping the stock and getting $600 million when he retired. GE is a non-player now.
8 people like this.
Reply 6 - Posted by:
Rumblehog 3/2/2020 4:21:07 PM (No. 334687)
He was not even close to being one of the most accomplished CEO's in General Electric history. The only thing Jack did was buy a TV network to push his "greatness," 24x7x365.
Being a creature of Corporate America, I laugh at how otherwise "good" companies become sycophants of other companies, whether GE, Microsoft, Coca Cola, Motorola, or Apple. They all want to "act like" the ones they admire most, while failing miserably. GE was the wunderkind of American corporations for two decades under their "Growth Through Acquisition" (GTA) strategy, all while GE rotted from within.
Sorry, but Jack Welch wasn't even successful at picking a decent successor. He should have stayed a Chemist.
10 people like this.
Reply 7 - Posted by:
PCMM 3/2/2020 4:33:27 PM (No. 334708)
There are people in VA hospitals doing Lean Six Sigma projects while the silly ol’ retired SNCO is doing their work. The people playing with their projects are the beautiful people and the worker bees are slime. That’s your VA, President Trump.
3 people like this.
Reply 8 - Posted by:
AGGW 3/2/2020 4:35:50 PM (No. 334710)
I soooo agree with the above posts. I had no respect for the man.
5 people like this.
Reply 9 - Posted by:
3XALADY 3/2/2020 6:52:08 PM (No. 334829)
Working directly for Jack Welch didn't work out so bad for a friend in Florida. He was in aircraft engines, travelled the world and wanted to retire. Mr. Welch told him if he would stay until a certain time, he could name his retirement. Friend did and benefited handsomely for staying.
1 person likes this.
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