HARTFORD, Conn. (AP) — 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.
Notable and Quotable from former GE CEO Jack Welch
Posted in * Economics, Politics, Economy
The ex-CEO as rampaging Calormene.
Yes, Jack would single handedly roll back the recession and drive down the price of oil.
BTW Jack, I bought some of your appliances when you were CEO and let’s just say “never again”….
Lovely. My son was threatened at school today, and four kids were suspended for four days for saying they were the “Kill (My Child’s Name) Club.” I strongly stated i would not file a criminal complaint, wanting a better dialogue started at school than would be had in the hands of the county Sheriff’s department.
Jack, on the other hand, i would fill out a criminal complaint against. Say you’d like to shoot someone out of anger and frustration, on April 16? He should be charged.
Pray for peace.
Now that’s what I call an executive incentive plan.
It’s always a pleasure to pay serious attention to a person whose ambition and drive gave him important insights into the art of looting corporate assets for personal gain and serial adultery. I suspect we will now be compelled to listen to and watch him pontificate on the media’s finance programs.
Hey, Jack would do it …..he certainly killed Schenectady, NY.
AP+
There is more than a hint of arrogance in Welch’s comment – as if he believes he could never miss earning targets. I would just tell him that I’d keep quiet about all those shenanigans with his divorce (dropping his first wife in favor of one of his daughter’s friends) provided he leave me alone.
If I were Immelt, I’d resign and get a really nice severance package first.
It’s worth remembering how some CEOs (e.g., at Freddie Mac, Fannie Mae, and HealthSouth) met their earnings targets perfectly: they cooked the books.
Sounds like Monty Python’s Cheese Shop.
Anyone ever heard of “Generous Electric?”
I work in a organization that utilizes Rank&Yank;Jack’s “fire the bottom 10%” mentality. Everyone walks on egg shells,