How the legendary boss of General Electric left a behind a house of cards

Jack Welch, who died last Sunday, was ruthless, quotable and energetic, but the GE Capital finance unit he created became the Achilles’ heel of the giant industrial conglomerate

8th March, 2020
How the legendary boss of General Electric left a behind a house of cards
Jack Welch, the former chief executive of General Electric who died last week: his obituaries were hedged with questions and doubts. Picture: Getty

Two years before he called time on his active business career in 2001, Fortune magazine put Jack Welch on its cover and anointed him ‘Manager of the Century’. In a glowing profile, the then boss of General Electric, which at the time was the world’s mightiest industrial corporation, was hailed as the greatest corporate leader of the age, and as America’s celebrity chief executive.

When Welch died on March 1...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Vincent Boland: Toshiba needs to be rescued from itself as it all goes wrong yet again

Vincent Boland: The chips are down and the whole world is facing trouble

Vincent Boland: China’s declining population is a red flag for ruling party on its centenary

Vincent Boland: World risks global shock if net zero goal creates dangerous new divide