It is suggested in CNBC that the former CEO should be invited at least temporarily to join the board to fix the mess at GE. I am all for it. Great idea.
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Edison would like to see GE bankrupt because it was this very company booted him out. Otherwise this company is called Edison General Electric, with his name not being removed from the current one.
We should dig up Edison. He had good ideas. He'll be known as "The Quiet Leader". Might just work.
You realize that welch was paid over 2 million a yr in benefits after he retired ? How many jobs did he personally take aeay because of his greed. You GE people are idiots... There is a reason they are getting rid of GE capital and various businesses. GE is a cult that would drink whatever the old and 80 yr old deranged welch would give them. He did hand pick immelt after all. Basically, welch picked the destroyer of GE...... drink some more coolaid
Great, maybe GE can pay for his mistress’ apartment again!
He would only join to ensure that GE picks it's next CEO internally. There will be more misses. There will be a new CEO.
Jack's legacy is the management culture he created. That's what he is proud of.
Great pay that greedy troll leader of a human another $400 million to retire again. Smart move GE.
Jack retired with a legendary legacy, he would not tarnish it by coming back at this point.
HARTFORD, Conn. — Former General Electric Co. chief executive Jack Welch said Wednesday that he would “get a gun out and shoot” his successor, Jeffrey Immelt, if he allowed GE to miss earnings targets again.
“I’d be shocked beyond belief, and I’d get a gun out and shoot him if he doesn’t make what he promised now,” Welch said on CNBC, a cable station owned by GE. “Just deliver the earnings. Tell them you’re going to grow 12 percent and deliver 12 percent.”
I bet he wishes we could grow 12% now...
Here's coverage of that story: http://abcnews.go.com/Business/story?id=4670350&page=1
He may have picked him, but he voiced buyer's remorse several times during the years that followed. At one point he intimated that JRI should be shot for missing an earnings target. This was around 2009 or 2010 and made the news.
As a spite to Immelt??? WTF are you talking about, he picked that idiot to replace him!!
Past performance is not a guarantee of future performance.
JW is 81, it is highly likely that he will take up a role like that. He should constructively criticize on the interviews he is invited to.
Bring back Daddy Jack, has a nice ring to it. He would do it out of spite for Immelt and out of pride for the company he helped build. A lot of people didn't like how he did things, but it worked. A lot of employees had better pay per capita, better benefits, and a lot of people retired as millionaires through the S&SP.
Jack is an anachronism. He'd be just as bad as Flannery, or worse.
Would never happen. Why would he want to get involved with this POS company?