July 15, 2000 |
Jack Welch, one of corporate America's most admired chieftains, is being paid a $7.1-million advance for a book due out next year, when he retires as chairman of General Electric Co. The advance, which Welch intends to donate to charity, is believed to be the largest ever paid for a nonfiction book. Time Warner Trade Publishing, a division of Time Warner Inc., beat three other publishing houses in a bidding war that ended this week.
September 24, 2004 |
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.
January 12, 1988 |
Lemuel Boulware, who controlled labor relations for General Electric from 1947 to 1960, was so tough, so uncompromising in his dealings with unions that his "take-it-or-leave-it" style of negotiating union contracts brought a new word into the labor relations lexicon: Boulwarism. But union membership was not affected by Boulware's tactics. It remained high.
July 13, 2001 |
Longtime General Electric Co. Chairman Jack Welch, who helped shape the international conglomerate into the world's most valuable company, said Thursday that he will retire at the company's Sept. 7 board meeting. The announcement came as the company announced a 15% increase in second-quarter income, meeting Wall Street's expectations. Welch, 65, planned to retire in April but deferred his departure to shepherd the $41-billion merger of GE and Honeywell International Inc.
CALIFORNIA | LOCAL
August 13, 2001 |
For all the controversy over what did or didn't happen in the last election, one fact is absolutely clear: The pivotal presumption that George W. Bush won the election was the result of the calls the major television networks made on election night. Once those calls were announced, the nearly impossible burden of reversing the presumption shifted to Al Gore. His legal case was made all the harder by the label "sore loser" instead of "defending champion." That's no small thing.
September 11, 2001 |
Despite overseeing massive layoffs and selling and buying billions of dollars worth of businesses, Jack Welch says in his new book he was too cautious--even timid--as General Electric Co.'s chief executive. Welch, who releases "Jack: Straight From the Gut" today, earned the unwanted nickname "Neutron Jack" after tens of thousands of job cutbacks in the 1980s. He sold cherished GE operations and boldly bought new ones, including RCA, which owned the NBC television network.
September 7, 2002 |
Jack Welch, who retired as chief executive of General Electric Co. last year, is still living large on the company's dime, enjoying freebies such as country club memberships and tickets to New York Knicks basketball games, according to a court filing by his wife in their divorce case. The exhaustive catalog of expenses GE covers for Welch represents another example of corporate largess and is likely to fuel investor outrage about lush pay packages for top executives.
November 18, 2001 |
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.
August 8, 2001 |
A showdown between a Democratic congressman and the head of NBC over what exactly happened in the network's newsroom on election night is reviving questions about whether Congress should have any role in overseeing the news media. What began as a friendly offer by NBC President Andrew Lack at a Valentine's Day congressional hearing quickly degenerated into an exchange of angry letters between Lack and Rep. Henry A.
March 14, 2002 |
The Harvard Business Review is not normally known for plots centering on seamy sex scandal. But the monthly bible of executive America is reeling from disclosures that its top editor, while researching an article, became a little too close to one of this country's titans of industry. Suzy Wetlaufer stepped down last week after the Wall Street Journal ran a juicy story about her "personal relationship" with former General Electric Corp. Chairman Jack Welch.