So Jack Welsh stop producing household goods and got into media and weapons and financial services. The other takeaway is that there will always be a bottom 10% to fire so he created a toxic work environment where people are always job insecure and paid as little as possible to benefit the shareholder.
Jane Beasley, Jack's second wife, is part of this report. Let's not forget Jack cheated on Jane and she divorced him, winning $180 million in her divorce settlement. Way to go, Jane!
David Gelles wrote an excellent book explaining the destruction Jack Welsh leveled on capitalism in America. Given the outcomes in recent years, he was a failure by his own standards.
Just as a reference At the end of 1990's GE was the "most valuble company in the world" Today is the 21th part of apple o microsoft and at the edge of the bankrupcy Thats the heritage from these "super CEO" OBVIUSLY he died very rich Other example Boeing from being an icon of technology today due to the CEO greed is tumbling down Great example left Mr Welch
Notice how he is talking with absolute confidence, doesn't use arguments but uses strong words to convince and when asked something tricky he brushes it off again with words and not arguments. I don't know if this interview is a truthful representation of the man. Maybe someone can clear this up for me.
He reminds me of Jim Cramer - talented, a great communicator, but a lot of bs underneath it all. A lot of smoke and mirrors in the financing. He says so little in this story. I like the meritocracy theory but I am not so sure his workers were fired based on how well they worked. His wife, now ex-wife, divorced him at the best time to get the highest settlement. Well done.
Supposedly he’d yell at people if he didn’t get his way or you didn’t do exactly to fit his agenda. If I had a boss like that, he’d for sure get knocked out, I don’t put up with disrespect for anyone.
GE - I once believed in Jack Welch about making GE products to an excellent standard; six sigma. Since then I have owned GE products. Microwave died in two years, hardly used. GE refrigerator, among the most expensive and has broke down more often than any refrigerator we have ever owned. GE service lousy. I applaud their dishwasher. Wow - reality met the false embellishments of Jack Welch. I will never buy another GE product again. If a GE product works now I say Geeeeeee - amazing. Very convincing man that doesn’t match his message.
This is no ordinary sociopath,this is a man/monster who destroyed so many companies with his drive to reduce his mission to profit.Laughing with him,smiling at his actions is disgusting.
I love the Gin Rummy game with your Mom story! I also would come home from grade school and some times invite a friend school and play Rummy with my Mom and Grand Mother. The funny thing is my Grand mother would make Welsh Rarebit and we would get a shot of beer that was leftover when she was done cooking! I would always shoot for going out calling Rummy using a poker face! I wish I could have had my kids come home at lunch to play with my Mom and Wife but they made the school a closed campus. Need to say we still live in the same house I was born in and my kids and I went to the same grade school.
IIRC this is the same guy your praising that wrote a book called Integrity , then he dumped his wife for the woman who helped him write it. INTEGRITY OK. NEUTRON JACK.
The Messenger of Allah, peace and blessings be upon him, said upon mention of the inhabitants of Hellfire: “It is everyone cruel, haughty, arrogant, a hoarder of possessions, and a withholder of good.”
GE is over a hundred years old and still one of the countries biggest corporations, also one of the original Dow Jones offerings. The world changes, not many companies still around after a hundred years.
St John 3:16! ❤ He gave it to charity, like insurance for HEAVEN? "Not by works of righteousness which we have done, but according to His mercy He saved us, by the washing of regeneration, and renewing of the Holy Ghost;" Titus 3:5! A personal relationship with JESUS is what matters for ETERNITY! He would have been GREAT material for an evangelist. His mom should have trained him up in the way he should go, because SOULS LIVE FOREVER!
So crazy he's one of the all time villains of the corporate world, who actively changed life for worse for everyone, and did irreparable damage ua-cam.com/video/YZv7wc7USQE/v-deo.html&pp=ygUeYmVoaW5kIHRoZSBiYXN0YXJkcyBqYWNrIHdlbGNo
toasters are such old news. Cause the Chinese are making perfectly adequate toasters for a fraction of your price! Why? Because of the superiority of both Han Chinese Genes, and the globe smashing superiority of Communist Wisdom and Confucian and Buddhist Genius. That's the word of God right there.
So Jack Welsh stop producing household goods and got into media and weapons and financial services.
The other takeaway is that there will always be a bottom 10% to fire so he created a toxic work environment where people are always job insecure and paid as little as possible to benefit the shareholder.
This aged well...
Not as well as Jack, apparently.
Jack Welch is the reason why GE filter-flo washers were killed.
back when the internet was still something you could kind of ignore
Jane Beasley, Jack's second wife, is part of this report. Let's not forget Jack cheated on Jane and she divorced him, winning $180 million in her divorce settlement. Way to go, Jane!
He absolutely dumped PCB's in the Hudson river. 25yrs later it's still not safe to eat fish from that area.
David Gelles wrote an excellent book explaining the destruction Jack Welsh leveled on capitalism in America. Given the outcomes in recent years, he was a failure by his own standards.
Just as a reference At the end of 1990's GE was the "most valuble company in the world" Today is the 21th part of apple o microsoft and at the edge of the bankrupcy Thats the heritage from these "super CEO" OBVIUSLY he died very rich Other example Boeing from being an icon of technology today due to the CEO greed is tumbling down
Great example left Mr Welch
Notice how he is talking with absolute confidence, doesn't use arguments but uses strong words to convince and when asked something tricky he brushes it off again with words and not arguments.
I don't know if this interview is a truthful representation of the man. Maybe someone can clear this up for me.
He reminds me of Jim Cramer - talented, a great communicator, but a lot of bs underneath it all. A lot of smoke and mirrors in the financing. He says so little in this story. I like the meritocracy theory but I am not so sure his workers were fired based on how well they worked. His wife, now ex-wife, divorced him at the best time to get the highest settlement. Well done.
@@donniemoder1466 Trump too. He doesn't stay consistent on policies. He always breaks the fact checkers, but he's always confident.
Absolute sociopath bulling his way across the more tepid conventions and decorum of his time.
He wanted to build a factory on a barge so he could float it to wherever the labor was cheapest. What a prince of a guy.
So what? That's actually brilliant.
So what? That's actually brilliant.
@@Astrobucks2 Sounds like you're a prince of a guy too.
@@jimlambrick3248 what did hey say that is wrong
@@musiczkl98 Capitalism at its finest. Keep the laborers desperate.
I wouldn't last 5 minutes with a boss like him, he is a tyrant
Supposedly he’d yell at people if he didn’t get his way or you didn’t do exactly to fit his agenda. If I had a boss like that, he’d for sure get knocked out, I don’t put up with disrespect for anyone.
Probably not. You’re softer than baby doo doo 💩. Spineless
Why so
Don’t stress it you would be fired before 5 minutes just to increase profit for shareholders.
GE - I once believed in Jack Welch about making GE products to an excellent standard; six sigma. Since then I have owned GE products. Microwave died in two years, hardly used. GE refrigerator, among the most expensive and has broke down more often than any refrigerator we have ever owned. GE service lousy. I applaud their dishwasher. Wow - reality met the false embellishments of Jack Welch. I will never buy another GE product again. If a GE product works now I say Geeeeeee - amazing. Very convincing man that doesn’t match his message.
agree 100%
GE appliance is now a chinese company
This is no ordinary sociopath,this is a man/monster who destroyed so many companies with his drive to reduce his mission to profit.Laughing with him,smiling at his actions is disgusting.
a rich guy who enjoys golf! Highly irregular!
Americans are so god damned American, it's incredible!
Where are you from?
9/11 was just 9 days later. This was the Sunday episode (no duh) just before my first day of high school.
I love the Gin Rummy game with your Mom story! I also would come home from grade school and some times invite a friend school and play Rummy with my Mom and Grand Mother. The funny thing is my Grand mother would make Welsh Rarebit and we would get a shot of beer that was leftover when she was done cooking!
I would always shoot for going out calling Rummy using a poker face! I wish I could have had my kids come home at lunch to play with my Mom and Wife but they made the school a closed campus. Need to say we still live in the same house I was born in and my kids and I went to the same grade school.
IIRC this is the same guy your praising that wrote a book called Integrity , then he dumped his wife for the woman who helped him write it. INTEGRITY OK. NEUTRON JACK.
The man who sold the world.
in the future, we feel sorry for these prehistoric business times. Before you had a properly integrated smart economy
typical rich American business leader. dime a dozen. They're all carbon copies of each other
Typical youtube commentator.
@@donniemoder1466typical comment responder
GE's golden era ? Rather Jack's golden era. He was making money. Heights of selfishness...
RIP May be you have taken all the money with you which you earned by firing others job.
Steve jobs was a saint compared to this guy.
What a softball interview - more like a PR campaign to promote HIM
Der Mann hat in seinem Leben sehr viel Schaden angerichtet.
Not a role model.
The Messenger of Allah, peace and blessings be upon him, said upon mention of the inhabitants of Hellfire: “It is everyone cruel, haughty, arrogant, a hoarder of possessions, and a withholder of good.”
Talk about timing for Welch to step down as CEO, 9/11 was days later
The guy is probably bleeding GE from the GRAVE!!! maybe now GE can pay its bills.. GOOD RIDDANCE!!!
?
GE is over a hundred years old and still one of the countries biggest corporations, also one of the original Dow Jones offerings. The world changes, not many companies still around after a hundred years.
GE is a shell of its former self! Completely gutted by Welch.
Not many humans are either and when they are (Trump, Biden) they’re bad at it
And now in 2024, GE has been split apart
GE was already off the DOW by the time you made this comment
Do you stay under a rock
psychopath!
Jesus Leslie Stahl is such a push over.
A tyrant..Shareholder value over customer, employees & products..people are just numbers on the spreadsheet.. layoff to balance
If general electric ceases to exist, it won't matter in the slightest
jack welch destroyed corporate america, along with steve jobs, jeff bezos and elon musk ........
.
......................................
Grow up
BS artist who loved to hear himself talk. Nothing he promoted stood the test of time
I love him.from Mysore.
they're not that generally electric. they don't even like electric cars, which are wickedly electric, and fairly good generals too
3 years after this she caught him with his next wife ;) she got $180 million in the divorce tho so not bad
9 days before 9/11
Amazing guy may he rest in peace
Unce said somthing the man
Great job jack ! Look around GE today🤦♂️
doing an MBA from Jack Welch helped me alot in my startup running in India.
Seriously? If so, great.
what are you selling accounting fraud ?
@@ZuhaBuba😂😂😂😂😂
St John 3:16! ❤
He gave it to charity, like insurance for HEAVEN?
"Not by works of righteousness which we have done, but according to His mercy He saved us, by the washing of regeneration, and renewing of the Holy Ghost;"
Titus 3:5!
A personal relationship with JESUS is what matters for ETERNITY!
He would have been GREAT material for an evangelist. His mom should have trained him up in the way he should go, because SOULS LIVE FOREVER!
"Train up a child in the way he should go: and when he is old, he will not depart from it."
Proverbs 22:6!
Great
what a beast
That's how you change a culture.
Destroy culture
Nice!!!!👍
He never fought for his country on the battlefield, so he is not wonderful
War is a racket go read that by general smedley butler maybe you’ll learn something
He destroyed families
cwmars
michael welch juniors choice cars
dougs poor house tax jars
How far GE has fallen
I’m curious if he knew about redlining
Rest in peace too our brother ☮️
Brother? 😂
@@caspianhall of course what would you suggest calling him ?
@@michaeldennistooley4271 lol where are you from?
@@caspianhall I hope you have a blessed day my friend ✌️ 🕯️
IMPORTANT 😊😊😊😊💛💛💛💛💛
RIP!
Came to know about you today!!
I felt like missing one of crazy person!!
So crazy he's one of the all time villains of the corporate world, who actively changed life for worse for everyone, and did irreparable damage ua-cam.com/video/YZv7wc7USQE/v-deo.html&pp=ygUeYmVoaW5kIHRoZSBiYXN0YXJkcyBqYWNrIHdlbGNo
When you sack someone, they don't die. Usually. Usually they work somewhere else. Unless they're old dogs
ELECTRIC GENERAL
❌👎❌👎
You are Magic!! Mr. Welch... I am fascinated by your reflections of your Mother. Thank you for existing 🌈🚀🎶
i am getting sick
Welch was a sociopath
ua-cam.com/video/YZv7wc7USQE/v-deo.html&pp=ygUeYmVoaW5kIHRoZSBiYXN0YXJkcyBqYWNrIHdlbGNo
The man ruined countless lives
STRATEGY IS FIRST TRYING TO UNDERSTAND WHERE YOU SIT IN TODAY'S WORLD. - JACK WELCH
_"Public corporations owe their alliance to their primary alliance to stockholders, not employees "_
- Jack Welch -
lies
toasters are such old news. Cause the Chinese are making perfectly adequate toasters for a fraction of your price! Why? Because of the superiority of both Han Chinese Genes, and the globe smashing superiority of Communist Wisdom and Confucian and Buddhist Genius. That's the word of God right there.