Jack Welch
Jack Welch
John Francis "Jack" Welch, Jr.is a retired American business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4,000%. In 2006, Welch's net worth was estimated at $720 million. When he retired from GE he received a severance payment of $417 million, the largest such payment in history...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth19 November 1935
CityPeabody, MA
CountryUnited States of America
Never miss out on an opportunity like a good recession.
Focus on a few key objectives ... I only have three things to do. I have to choose the right people, allocate the right number of dollars, and transmit ideas from one division to another with the speed of light. So I'm really in the business of being the gatekeeper and the transmitter of ideas.
Management is all about managing in the short term, while developing the plans for the long term.
Nothing of any importance has ever been accomplished by a pessimist.
My main job was developing talent. I was a gardener providing water and other nourishment to our top 750 people. Of course, I had to pull out some weeds, too.
An overburdened, overstretched executive is the best executive, because he or she doesn't have the time to meddle, to deal in trivia, to bother people.
We bring together the best ideas - turning the meetings of our top managers into intellectual orgies.
Failing to differentiate among employees — and holding on to bottom-tier performers — is actually the cruelest form of management there is.
When you were made a leader you weren't given a crown, you were given the responsibility to bring out the best in others.
I was afraid of the internet... because I couldn't type.
As a leader, your job is to energize people around the mission and vision you've articulated.
You are not a leader to win a popularity contest-you are a leader to lead.
Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.
The story about GE that hasn't been told is the value of an informal place. I think it's a big thought. I don't think people have ever figured out that being informal is a big deal.