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Mar 29, 2024
2:04
:17
pm
septicpumper
Redshirt Freshman
100% agree. I have a coworker who used to work for GE. Endless stories of
MBA incompetence. Ironically textbook on how not to run a company in real life.
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septicpumper
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septicpumper
Joined
May 9, 2013
Last login
May 29, 2024
Total posts
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Messages
Author
Time
Is Jack Welsh the most damaging CEO for corporate culture and strategy ever? 25+
Pepe
Mar 29, 7:50am
RE: Is Jack Welsh the most damaging CEO for corporate culture and strategy ever? 25+
Deleted
Mar 29, 7:55am
Yep, Musk has done nothing but fail over and over again.
Dryfire
Mar 29, 8:16am
Yeah but he disagrees with people politically so he's the worst CEO ever.
IceCreamButt
Mar 29, 8:34am
Haha, I gave a thumbs up thinking it was an example of a good CEO. Didn't pay
tony
Mar 29, 9:25am
Kind of the opposite of the type of CEO championed in "Good to Great"
tony
Mar 29, 7:58am
Good ‘ole “Neutron Jack”
LeGrandBleu
Mar 29, 8:00am
His fixation on increasing stock price over all else was incredibly devastating
Blueto
Mar 29, 8:04am
Jack Welch/GE trained MBAs need to wear that affiliation like a scarlet letter
justAnotherCoug
Mar 29, 8:27am
The current board and shareholders make our like bandits.
Kajdin
Mar 29, 8:29am
And everyone else is left holding the bag.
justAnotherCoug
Mar 29, 8:30am
Shareholders have lost huge amounts of $.
septicpumper
Mar 29, 2:08pm
RE: Is Jack Welsh the most damaging CEO for corporate culture and strategy ever? 25+
Beest
Mar 29, 9:21am
I worked for GE for a total of 6.5 years. I worked in the locomotive division
BPintheCouv
Mar 29, 9:27am
GE performed magnificiently under Welch
MyTwoCents
Mar 29, 9:31am
The issue is not the short-term financial results
sidsie716
Mar 29, 9:41am
IMO 25 years isnt short term.
Acorn
Mar 29, 9:59am
CEO from '81 - '01 right?
justAnotherCoug
Mar 29, 10:08am
GE finance was Jack Welch’s baby and personal slush fund for helping him beat
Pepe
Mar 29, 10:54am
It was never real.
justAnotherCoug
Mar 29, 9:42am
I disagree. The principles were sound and, as far as I can tell, GE's position
Mises
Mar 29, 12:33pm
It worked for 25 years
MyTwoCents
Mar 29, 3:25pm
There's good reason to be critical of Jack Welch's tenure
justAnotherCoug
Mar 29, 4:01pm
It was smoke and mirrors. His whole philosophy was line go up. Only worried
Blueto
Mar 29, 4:23pm
GE died because of his philosophies. Just because he jumped ship before the
Kajdin
Mar 29, 9:51am
It reminds me of Pete Carroll jumping ship at USC.
Cougar Junkie
Mar 29, 3:14pm
Is Jack Welch the best CEO ever or the worst CEO ever?
Cougrrrs Roll
Mar 29, 9:31am
At the time he was at GE, I ranked Welch as most overrated CEO ever. He was awful in most every important category.
roseyscenario
Mar 29, 10:01am
Not his fault they spunoff GE Units into different companies after he retired
SwanSong
Mar 29, 12:39pm
100% agree. I have a coworker who used to work for GE. Endless stories of
septicpumper
Mar 29, 2:04pm
GE stock did more than 2x as well as the S&P 500 during Welch's 20 years
MyTwoCents
Mar 29, 3:29pm
And then spiraled downhill after he left thanks to the house built on sand. His hand picked successor was disaster.
roseyscenario
Mar 29, 10:36pm
I used to have an article from Parade magazine with the following Welch advice:
hitechcpa
Mar 29, 11:16pm
I worked at GE for 11 years. Started after graduation, 2 years before Welsh
sfeuz
Mar 30, 1:15am
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