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!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Concept of free trade and fair trade will stand or fall with new WTO boss

Vincent Boland: Draghi’s Italian job is really a task for the entire nation

Vincent Boland: It’ll take more than Musk’s $1.5bn to demystify bitcoin

Vincent Boland: Exxon loses its way as oil giant goes from leader to laggard