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About
The book „The New GE; How Jack Welch revived an American institution“ is about the time when Jack Welch was CEO of General Electric. The author Robert Slater, who is famous for other good books like “The Wal-Mart Decade” and “Get better or get beaten”, interviewed Jack Welch several times while writing this book. ... He has chosen Jack Welch as his successor and later he said, that this was his wisest thing he ever did as CEO of GE. ... Jack Welch was the youngest CEO ever at GE and actually did not match the picture of a typical CEO of GE. ...
Curriculum Vitae
John Francis Welch was born on November 19, 1935 in Peabody, Massachusetts. ... Welch has always been interested in current events and read every newspaper his father brought home from his work as a train conductor. Welch’s mother treated him as an adult very early, for example she played poker with him for money when he was only six years old. It was his mother who told Jack, that his stammer was no defect but just a sign that he could not speak as fast as he thinks. ...
Education
In school Jack Welch was always under the top five in his class. While Jack’s school record permitted him to consider the finest American schools, he knew that even if he were accepted at a university, he would have find a source other than his parents for tuition. ... Jack didn’t get the scholarship and had to choose a state university. ...
Jack Welch’s beginning at GE
Jack began his career at GE on October 17, 1960, as a process chemical engineer. ... In 1965 GE let Jack Welch build a $10 million factory in Selkirk, New York to build this new product and only one year later he was responsible for the whole Polymer Products Operations.
Welch was acquiring a reputation as a marketing genius. ...
Because he was so successful Welch was given other businesses to manage apart from plastics, including Medical Systems and Diamonds. ... ) When you ask questions, you have to make decisions, you cannot just sit around and talk; you finally have to do something, Jack said later. ... This made it possible to refresh the team spirit in Welch’s team. ...
In December 1977 Welch was promoted to senior vice president and sector executive of the Consumer Products and Services Sector and vice chairman of the GE Credit Corporation. ... Jones wanted someone younger than 60 and after diminishing the list to that people who had the caliber of being CEO the list mentioned 18 candidates, still without the name Jack Welch. Jones reduced the list one more time to 10 candidates and finally added Jack Welch himself to the list because the other executives thought that Welch could be CEO, but 10 or 15 years later. ... Reg Jones promoted Welch ones more again, so that he had to move to Fairfield, to see more of him. ... Welch was one of three most nominated managers.
After Jones recognized, that the other two were a little bit like him, they were too conservative, too much “GE – like” he studied the character of Jack Welch even more. ... Welch had a dynamic character (“He placed a very large premium on winning. ...
Although Welch was young (42 in 1978) Reg Jones decided, that he should be the next CEO of GE. He started something like a marketing tour to sell Welch to the board of directors.
Approximate Word count = 2878
Approximate Pages = 11.5
(250 words per page double spaced)
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