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Jack Welch

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BUSINESS
October 5, 2012 | By Jim Puzzanghera
WASHINGTON -- Former General Electric Chief Executive Jack Welch charged Friday that the White House manipulated the sharp drop in the unemployment rate to help President Obama's reelection campaign. Minutes after the Bureau of Labor Statistics reported that the September unemployment rate had surprisingly plunged to 7.8% from 8.1%, Welch took to Twitter to say that the numbers were cooked to give Obama a boost following what many analysts said was a poor debate performance on Wednesday.
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BUSINESS
January 12, 2014 | By Andrew Hill
When Dennis Kozlowski leaves prison on parole this week, having served more than eight years for 22 felonies, he will find comfort in Catherine Neal's new book. But for everyone else, the account, which declares the former Tyco chief executive innocent of stealing from the conglomerate, is disappointing. Neal's book, "Taking Down the Lion: The Triumphant Rise and Tragic Fall of Tyco's Dennis Kozlowski," is published by Palgrave Macmillan. Kozlowski's name is embedded in the history of the U.S. corporate scandals that began with the collapse of Enron in late 2001.
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NATIONAL
September 17, 2002 | ELIZABETH MEHREN, TIMES STAFF WRITER
He was hailed as the Tiger Woods of management, a brilliant business magician and, as head of General Electric Co., one of the world's most admired executives. In turn, Jack Welch heaped praise on his wife, Jane, lauding her in his bestselling autobiography as "the perfect partner." Now that they are divorcing, Jane Beasley Welch has become the most formidable opponent the retired chief executive has encountered.
BUSINESS
May 8, 2013 | By Walter Hamilton
Jack Welch is throwing his support - such as it is - behind Jamie Dimon, the embattled leader of JPMorgan Chase & Co. Dimon is scrambling to hang on to the chairmanship of his company in the aftermath of an embarrassing trading mishap by the now-infamous "London Whale" that has blotted Dimon's once-unassailable record. Dimon remains chief executive of the banking giant. But critics are pressing JPMorgan to separate the CEO and chairman roles. Corporate-governance advocates say such moves help prevent a powerful leader, even a visionary or successful one, from amassing too much clout in the boardroom.
ENTERTAINMENT
May 3, 2005 | Mimi Avins, Times Staff Writer
Anyone who wants to understand the most admired and imitated corporate leader of our time has only to pay attention. During his 21 years as chairman and chief executive of General Electric Co., Jack Welch was focused on running a phenomenally successful global corporation, spearheading expansion into more than 15 major businesses, including gas turbines, financial services and television. When he gave speeches, it was usually to some of GE's 300,000-plus employees.
BUSINESS
October 3, 2001 | RANDY WHITESTONE, BLOOMBERG NEWS
Jack Welch, former chairman of General Electric Co., joined Clayton, Dubilier & Rice Inc. after a yearlong courtship, giving the 23-year-old leveraged buyout firm more clout. The New York-based firm, which manages $6.6 billion of capital, said Welch, 65, will help it assess new investments and expand overseas as well as court clients. Welch, who retired from the world's biggest company last month, won't be actively involved in companies.
BUSINESS
January 12, 2014 | By Andrew Hill
When Dennis Kozlowski leaves prison on parole this week, having served more than eight years for 22 felonies, he will find comfort in Catherine Neal's new book. But for everyone else, the account, which declares the former Tyco chief executive innocent of stealing from the conglomerate, is disappointing. Neal's book, "Taking Down the Lion: The Triumphant Rise and Tragic Fall of Tyco's Dennis Kozlowski," is published by Palgrave Macmillan. Kozlowski's name is embedded in the history of the U.S. corporate scandals that began with the collapse of Enron in late 2001.
BUSINESS
July 4, 2003 | From Reuters
Former General Electric Co. Chairman Jack Welch and his estranged wife, Jane, have reached a divorce settlement, a lawyer involved in the case said Thursday. The settlement, whose terms were not disclosed, marks the end of a bitter and closely watched breakup that had cast a public spotlight on the lavish benefits awarded Welch as part of his GE retirement package. The pact came days before the divorce trial was due to begin in Connecticut. The Welches had been married for 13 years.
BUSINESS
May 17, 1993 | From Times Staff and Wire Reports
Welch Gives NBC Affiliates a Pep Talk: General Electric's chairman, Jack Welch, told executives of NBC's local affiliates that the television network, which GE owns, would bounce back from several recent controversies. Welch, speaking to station executives in Florida, gave several NBC executives credit for bringing new drive and momentum to the network, which has been struggling for ratings. He also insisted that NBC is not for sale, contrary to recent rumors.
BUSINESS
September 11, 2001 | From Bloomberg News
Jack Welch, who retired as General Electric Co. chairman last week, sent an autographed copy of his book--"Jack, Straight from the Gut"--to Mario Monti, the European regulator who blocked the acquisition the executive hoped would crown his career. Fiat Chairman Paolo Fresco delivered the book to Monti Saturday in the lobby of the Villa d'Este hotel on the banks of Lake Como in northern Italy.
BUSINESS
October 5, 2012 | By Jim Puzzanghera
WASHINGTON -- Former General Electric Chief Executive Jack Welch charged Friday that the White House manipulated the sharp drop in the unemployment rate to help President Obama's reelection campaign. Minutes after the Bureau of Labor Statistics reported that the September unemployment rate had surprisingly plunged to 7.8% from 8.1%, Welch took to Twitter to say that the numbers were cooked to give Obama a boost following what many analysts said was a poor debate performance on Wednesday.
ENTERTAINMENT
May 3, 2005 | Mimi Avins, Times Staff Writer
Anyone who wants to understand the most admired and imitated corporate leader of our time has only to pay attention. During his 21 years as chairman and chief executive of General Electric Co., Jack Welch was focused on running a phenomenally successful global corporation, spearheading expansion into more than 15 major businesses, including gas turbines, financial services and television. When he gave speeches, it was usually to some of GE's 300,000-plus employees.
BUSINESS
September 24, 2004 | From Bloomberg News
General Electric Co. violated the law by failing to fully disclose to investors the many retirement perks lavished on former Chief Executive Jack Welch, the Securities and Exchange Commission said Thursday. The millions of dollars in benefits included unlimited personal use of GE's planes, exclusive use of an $11-million apartment in New York City, a chauffeured limousine, a leased Mercedes, office space, financial services, bodyguard security and security systems for his homes.
BUSINESS
July 4, 2003 | From Reuters
Former General Electric Co. Chairman Jack Welch and his estranged wife, Jane, have reached a divorce settlement, a lawyer involved in the case said Thursday. The settlement, whose terms were not disclosed, marks the end of a bitter and closely watched breakup that had cast a public spotlight on the lavish benefits awarded Welch as part of his GE retirement package. The pact came days before the divorce trial was due to begin in Connecticut. The Welches had been married for 13 years.
OPINION
September 22, 2002
Imagine you're a Martian Margaret Mead dispatched to Earth to study social customs like the courting and marriage relationships of humans. You watch these people closely--how they dress to attract others, and the perfumes, dances, flirting and kissing as they fall hopelessly, intoxicatingly, head over heels in love with each other, at least for a while.
NATIONAL
September 17, 2002 | ELIZABETH MEHREN, TIMES STAFF WRITER
He was hailed as the Tiger Woods of management, a brilliant business magician and, as head of General Electric Co., one of the world's most admired executives. In turn, Jack Welch heaped praise on his wife, Jane, lauding her in his bestselling autobiography as "the perfect partner." Now that they are divorcing, Jane Beasley Welch has become the most formidable opponent the retired chief executive has encountered.
BUSINESS
October 25, 2001 | Bloomberg News
J.P. Morgan Chase & Co. hired Jack Welch, former chairman and chief executive of General Electric Co., as an advisor to the firm, telling employees he will help develop an "integrated corporate culture." Welch, 65, will work with Chief Executive William Harrison Jr. and senior management, Harrison said. The firm also will start a leadership institute to be set up by Vice President James Lee.
OPINION
September 22, 2002
Imagine you're a Martian Margaret Mead dispatched to Earth to study social customs like the courting and marriage relationships of humans. You watch these people closely--how they dress to attract others, and the perfumes, dances, flirting and kissing as they fall hopelessly, intoxicatingly, head over heels in love with each other, at least for a while.
BUSINESS
November 18, 2001 | James Flanigan
Jack Welch, the recently retired chairman of General Electric Co., is preaching his "tough love" management practices and handing out tips on the global economy, the future of the Internet and other topics these days.
BUSINESS
October 25, 2001 | Bloomberg News
J.P. Morgan Chase & Co. hired Jack Welch, former chairman and chief executive of General Electric Co., as an advisor to the firm, telling employees he will help develop an "integrated corporate culture." Welch, 65, will work with Chief Executive William Harrison Jr. and senior management, Harrison said. The firm also will start a leadership institute to be set up by Vice President James Lee.
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