25 Burst results for "Jack welsh"

"jack welch" Discussed on The GaryVee Audio Experience

The GaryVee Audio Experience

04:23 min | 3 months ago

"jack welch" Discussed on The GaryVee Audio Experience

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"jack welch" Discussed on The GaryVee Audio Experience

The GaryVee Audio Experience

07:23 min | 3 months ago

"jack welch" Discussed on The GaryVee Audio Experience

"That gary did with the late jack welch at south by southwest two thousand fifteen enjoy. Well hello everybody. I welcome to the the brawl and hall five going to try to keep it under control pure. I'm susie welsh on my right. Is jack welsh and on my left gary v. these are two guys who need no introduction whatsoever. So i think i'll just plunge in. We are asking you to send us your questions. Also you can see information up there. Ask real ceos. I think is the hashtag. So let's just start off sort of a brief if you guys state of the union right. It's it's twenty fifteen and the people who are in. This audience are interested in starting businesses. Getting funding hiring great people crushing the competition. Yes especially crushing the competition. If you were sitting in a bar as you want to do with any of the people in this audience what would you tell them really really excites you about the future. And what is scaring the living daylights. Addio gary you're gonna always being polite here. Nothing scares me and As far as what excites me is that clearly the internet's promise over the last twenty years is squeezing out the middle of anybody who doesn't bring value to me. What i feel is happening and that we're also lucky to be living through right now is it feels like there's more meritocracy right. If you've got the chops there is an editor. There isn't a decision maker. there isn't somebody who's stopping you because the platform of the internet people to really go direct to consumer. There's no more man. there's no more machine. Yeah especially man right like like. I hate like man right. Yeah and you're saying you really believe there's no more machine so nothing scares you look. I'm an optimist. I mean vladimir putin scares me you know. Ishmael baucus scares me. Scare me from a business sense. Total optimism gary jack. You know what scares me is having an idea. I mean more and more young people and say i want to be an entrepreneur. I said why. Don't you damn idea i d. I want to be an entrepreneur. Manufacture it entrepreneur. You gotta have something to have this. He says jobs. And you gotta have something of value something you need. I want to be known for a grip. I speed you. All these fancy colleges all over the world trade rates. They wanted to be an entrepreneur. Get an idea okay. So let's say they have an idea. Okay then the hard part by what are the two big pieces of advice you would give somebody who's got an idea and wants to be an entrepreneur. Not everyone can be one water. The what the two pieces of advice you give somebody. Gary will first of all the jacks right but the for me. We're seeing so many. I see so much early stage startup stuff and the truth is you know ideas or commoditised. A lot of people got the same ideas a ton of ideas or street. Shit right and so. There's that problem i. I think the more stunning thing is. I've seen a ton of people were tremendous ideas that have no idea how to actually execute. I think the single biggest thing that i would tell people that i think. There's a huge disconnect between their idea and the audience trying to serve the lack of pulse of knowing who. You're trying to serve who you're trying to sell to value proposition value proposition. Right and the advice you give over and over again you get people to talk about stuff that don't say it's like everybody wants to go to china in my day. That'd be in china. they don't need you. What are you bringing different. Why are you bringing in so you and china's a great place if you've got something the chinese dumping news if you're coming over there with a badge of crap you nothing's going to happen. No matter how many billion people and check this by the way like not just fucking china right like everybody like when you bring shit. I love when people at gary. I really need your marketing. I'm like no shit. Your product fucking blows right. So i think my children are watching. This is just getting started. You got fifty five minutes of this all right so you tell them. Get a proper Approaches you all right but you to build a team while you're at it all right. You got to hire somebody gary. You're hiring a lot of people. Jack you had four hundred thousand people working for you one point. What are you looking for when you're s four hundred thousand. What are the qualities you're looking for. There's a lot of smart people out there not smart hungry. Energize people that can energize others excite others. Make the case for where you're going to get that get people following you in hungry you. What hungry people you want. People with their nose against the glass. Smart passionate hungry willing to take the hill. That's what you want. we all want anybody else game. I'm obsessed with self awareness right. Somebody who knows themselves. I think is a real value to me. Because jack's right and he's talking about leaders and we've got plenty of those that i love those people but you know truth is especially for a younger generation. We're in this point. Now where work life balance or how. Much money actually is needed for you as an individual. Everybody in your to actually get you the happy place. What else do you value so to me if you show me somebody who's self aware. Even if they're self aware that there are b minus in a big machine. Their spots for a lot of different players. Do you find out if somebody self-aware ask them. Are you self aware for me. I watch it in their behavior right. I mean some people walk in there like gary. I really think that i should be an sbp. And i'm like. I think you should be fucking fired and so so i think that. I think that there's people their actions day in and day out. Listen i think with no question right now especially in the world where people are are talking to the world. There's a lot more communication right. Employees can talk the world. Not just inside their own buildings. I think that the hr dna of an organization has never been more valuable. The human resources to me is that the top now not an afterthought check box. I'm telling you. This is what i feared the most about this. You guys are going to agree to much. Because jackie also think look. It's a longtime people painted on hr but hr's all important is no book where we're pitching real hard pitch rake up. Hi get the finance insurance. The badge the crap out even h i truly be people development careers life style. Everything and this is a big deal. Hr is always the bathwater back in the last thing to hire. You may have a picnic in the birthday with the rest is crap and so you really want to just focus on that. Not a bunch of stuff around badges insurance..

vladimir putin china Gary Ishmael baucus fifty five minutes two guys four hundred thousand gary jack Jack twenty fifteen susie welsh two pieces two big pieces jack welch one point jack welsh four hundred thousand people gary two thousand fifteen jack
Jack Welch, legendary former GE CEO, dead at age 84

America's Morning News

00:32 sec | 1 year ago

Jack Welch, legendary former GE CEO, dead at age 84

"And Jack Welch who transformed a General Electric into a highly profitable multinational conglomerate has passed away at the age of eighty four well it's becoming one of the nation's most well known and highly regarded corporate leaders during his two decades as a G. easy chair and chief executive he personified the so called cult of C. E. O. during the late nineties out when G. E. soaring stock price made it the most valuable company in the world this is an amazing legacy and that he leaves

Jack Welch General Electric Chief Executive C. E. O. G. E.
Longtime CEO of General Electric Jack Welch dies at age 84

News, Traffic and Weather

00:38 sec | 1 year ago

Longtime CEO of General Electric Jack Welch dies at age 84

"Retired longtime General Electric chief Jack Welch passed away at the age of eighty four Jack Welch's first job G. E. the company would eventually run and remake was as a chemical engineer by the time he was forty five feet engineer his way to the top spot chairman and CEO in charge he had a simple rule for all of G. E.'s divisions if they were market leaders there are three choices fix it close it or sell it during his twenty year tenure from nineteen eighty one to two thousand one G. E.'s value jump from twelve billion dollars to over four hundred billion also part of his mantra cutting payroll G. E. shed over a hundred thousand workers in his first five years on the job Jerry Preston ABC

Jack Welch Engineer Chairman And Ceo General Electric Jerry Preston Abc
Jack Welch, GE's legendary CEO, has died at 84

Marketplace

02:27 min | 1 year ago

Jack Welch, GE's legendary CEO, has died at 84

"Jack Welch died yesterday the long time chairman and CEO of General Electric one of most celebrated executives of his day was eighty four years old the legacy well sleeves is complicated it will be debated and case study to four years in particular the way he changed what American companies do profits above all shareholder value first in line marketplaces Katong has them General Electric once upon a time explicitly serve many masters workers research labs and last of all shareholders that's according to company documents in the fifties by nineteen eighty one in came a new boss Jack Welch he slashed underperforming divisions and workers he spoke at MIT in two thousand six you bring a man you say look this isn't working you're in the bottom ten United again in my money here let's over the next year get your move on my then cutting costs and pleasing shareholders was in vogue in Wall Street and work for G. its stock way out perform the market during the Welsh decades of the eighties and nineties Nicholas Heymann is long time G. analyst at William Blair she had no problem redefining the landscape and what would work and in that sense standout became kind of the Paul Bunyan of shareholder value creation shareholder value often came at a cost to workers it undid the post war corporate social contract says Rick warts but not the Drucker institute his book is the end of loyalty G. and vaporized about a hundred and seventy thousand jobs under Welsh up until that time only the term downsizing it really entered the American vernacular yet these kind of huge mass layoffs were still seen as pretty scandalous when will step down in two thousand one jeep your allied heavily on its finance arm GE capital which will build up and when the financial crisis came years later the company got hit hard law professor Margaret Blair at Vanderbilt's is that's when we'll just tone seem to change as the company got into trouble he conceded that maximizing share value is not always the smartest thing to do D. adage suggests that he changed his mind over time he must have begun to see if there were big problems in the underlying business well she may have been on to something today leading groups including the business roundtable blackrock and the Davos World Economic Forum are rethinking the shareholders first model in its

Paul Bunyan Professor Blackrock Vanderbilt Margaret Blair Ge Capital Drucker Institute Rick Warts Jack Welch William Blair Analyst Nicholas Heymann MIT Katong General Electric Chairman And Ceo
Jack Welch, GE''s legendary CEO, has died at 84

WTOP 24 Hour News

00:39 sec | 1 year ago

Jack Welch, GE''s legendary CEO, has died at 84

"And Jack Welch has died he was the chairman and chief executive of General Electric from nineteen eighty one to two thousand one and transform the company into one of the world's most valuable public conglomerates CBS news business analyst Jill Slazenger says while she had many fans his accomplishments are legendary but not everyone liked his methods when Jack Welch took a hatchet to the staffing levels at G. E. firing people he was known as Megatron Jack the C. E. O. who would be willing to cut jobs and sacrifice people to the overall mission of the company Jack Welch was

Jack Welch Chief Executive General Electric Jill Slazenger E. O. CBS Business Analyst
"jack welch" Discussed on AP News

AP News

09:23 min | 1 year ago

"jack welch" Discussed on AP News

"A chemical engineer by training Welch became 1 of the country's best known and highly regarded corporate leaders while G. E.'s chairman and chief executive during the late 19 nineties G. E. soaring stock price made it the most valuable company in the world in 1999 fortune magazine named Welsh it's a manager of the century after leaving G. E. Welch taught a course on business leadership at MIT and in 2009 founded the Jack Welch management institute an online MBA program I'm Mike Hampton

G. E. chairman chief executive fortune magazine G. E. Welch MIT Mike Hampton Jack Welch
Jack Welch, the GE chief who became a superstar, has died

AP News Radio

00:33 sec | 1 year ago

Jack Welch, the GE chief who became a superstar, has died

"A chemical engineer by training Welch became one of the country's best known and highly regarded corporate leaders while G. E.'s chairman and chief executive during the late nineteen nineties G. E. soaring stock price made it the most valuable company in the world in nineteen ninety nine fortune magazine named Welsh it's a manager of the century after leaving G. E. Welch taught a course on business leadership at MIT and in two thousand nine founded the Jack Welch management institute an online MBA program I'm Mike Hampton

G. E. Chairman Chief Executive G. E. Welch MIT Mike Hampton Jack Welch
Jack Welch, GE''s legendary CEO, has died at 84

Bloomberg Markets

00:53 sec | 1 year ago

Jack Welch, GE''s legendary CEO, has died at 84

"Police wages in corporate management has died Bloomberg's Bob Boone has this look back at the life of former General Electric CEO Jack Welch my last company wide meeting I thank all of you for what you've accomplished and even more for children in the future general electric's values Bloomberg's Tom Keene recall grew four thousand percent in twenty years on it is legendary executive people forget now here was a Jack Welch who invented how you do business which is don't make mistakes make as few mistakes as you can within the manufacturing process which now sounds like the but the time was revolutionary many workers took another view branding him neutron Jack for ruthless factory shutdowns and layoffs false kindness is the dumbest thing in the world it's the coolest thing in the world Jack Welch retired in two thousand one Bob moon Bloomberg radio Jack Welch dead today at the age of eighty

Bloomberg Bob Boone Jack Welch General Electric CEO Tom Keene Executive Bob Moon
"jack welch" Discussed on Squawk Pod

Squawk Pod

11:43 min | 1 year ago

"jack welch" Discussed on Squawk Pod

"Today's uncertainty may cause you to question your investment strategy but with the right perspective and investment solutions. We think it's possible to stay on track toward long-term goals with Janice Henderson. Abandon your dance. Not your financial goals. You're listening to squad from CNBC. Good morning everybody. Welcome back to Squawk box here on. Cnbc I'm becky quick. Along with Joe and and Mike Santoli our guest host this morning is Liz Young. She's director of Market Strategy Mellon Investment Management New overnight China confirming two hundred new cases of the virus and the outbreak is taking a toll on the economy. Their new survey data showed China's manufacturing activity slumped in February. The purchasing managers index came in at forty point three. That's the lowest readings since the survey was launched. Back in two thousand and four Japan meantime reporting five new cases overnight and controversial school. Closures began their today for most of the country. Creating child-care problems for millions of workers auto sales in Japan tumbled ten percent in February as the virus outbreak led to production disruptions and South Korea reported nearly five hundred new cases overnight bringing the total there to more than forty three hundred. That's pretty amazing. These just all this the ramp in China you see. There are Japan the article that in Japan people. The flu season is being minimized because people are washing hand so much and staying home from work that they're normal people are doing better because in that entire county how many. Let's do that all the time I started. I started started. Welcome and then you hear China. That's such a bizarre story where you said okay. Two hundred two hundred cases but the size of China in two hundred cases and yet you've got a piece of forty that's a disconnect and shows you. Here's what's doing. Not What China? Actually did they intentionally shutdown and tried to quarantine. The fear of fear of the corona value. Went out to work. Maybe I understand anybody. Test it to the number of new cases is not proportionate economic damage is being done and it's the same thing that can happen. Economic Shutdown is the type of thing that China did that by the way most of have been applauding them for taking these extreme measures because it meant that it didn't spread more rapidly for the amount of cases that you have a country like China to see the economic damage versus the actual number of cases. I mean they did order to come out of the workforce right. I mean they quarantine enough people. They don't all necessarily need to be infected. They're just not at work. They're not producing anything. And that's been the issue and then you pass through it kind of builds on itself you pass through a certain area and then those people can't go to work for a certain amount of time so it brings. I mean at some point. A third. Almost a third of the workforce out of we have this type of damping of economic activity with eighty thousand or ninety thousand total cases globally. Yeah what happens when we have if we have a million cases I then it won't be as proportional because we've already discounted it seems like we've already discounted by in case Canada. Lot of economic activity. Shut yes exactly and you just wonder if we could get a quick therapeutic that could deal with the symptoms with people that that get worse to be great then we may go back. Eunice tweeted earlier today. About how stem cell therapy supposedly worked at a patient who was very sick from this southern things go back after yard and the only thing that fear we might go back in in Hindsight. Say That at some point that we. I'm hoping I'm hoping and then the other then there's pockets scenario. Would you be worse okay? We are joined by a couple of gentlemen. That know what they're talking about. Thank you meg. Let's talk to your doctor. Scott Gottlieb former. Fda Commissioner and CVC contributor. He serves on both Pfizer's and Aluminum Boards and Dr Matt McCarthy An Infectious Disease Physician who is the author of superbugs the race. The stop an epidemic Thank you both for joining us. Just start off on a little bit. Different Tangent Gentlemen. In the I mean. When did we discover penicillin? It was like in the thirty s or so it wasn't I mean what we've done in the past ninety years in the whole history of human existence. It's amazing where we are right. Discovered in nineteen twenty seven points available in nineteen forty four. We've had a long and successful history of Diagnostics and therapeutics and we're better and better. We can see when we sequence to sing instantaneously. Almost we can do. It ought in an automated way. Why shouldn't we be hopeful that we can come up with a therapeutic quickly? Let me tell you the problem right now before I came here this morning. I was in the emergency room seeing patients. I still do not have a rapid diagnostic test available to well. That's easy to do. Is it not? Is it hard to manufacture? It is easy to for some countries. What happened in the United States is that the CDC created test Senate test out to fifty states and then said hold up? Don't use it. Let us fix it. How we hear that. It's coming very soon but I'm here to tell you right now. At one of the busiest hospitals in the country. I don't have it at my fingertips. I still have to call the Department of Health. I still have to make my case. Plead to test people. This is not good. We know that there are cases in the United States. There are going to be hundreds by middle of week. There's going to be thousands by next week and is a testing. What do you do people in the emergency room? If you can't test them well we call and we try to test. We isolate them. We have an outstanding team of infection. Control practitioners who know how to handle this. But they're hamstrung by the fact that we don't have a diagnostic test available. People getting sent home because I read reports that over the weekend. We're not sending people home. We're making sure they get what supportive care we can give but keep in mind we now have this in New York state right. The person who tested positive was only the thirty second test. We've done in this state. That is national scandal. They're testing ten thousand a day in some countries and we can't get this off the ground. I'm a practitioner on the firing line. And I don't have the tools to properly care for patients today. The challenges that providers can't take proper precautions if they can't talk about this for weeks. This is what we need to do. We need to have a vaccine strategy. I think a vaccine is a year or two away. I think we need to think about what we're going to have in the fall back. Stopped this when this. Hopefully this will start to dissipate in July and August. But it's going to probably come back in the fall and then what next and the only thing that could be available in the near term therapeutic antibodies prophylaxis or drugs. Vaccines Much lie isn't something existing in the HIV regimen. That might work on on a well. We have an HIV drug Kalija. That we're studying right now. It's in a clinical trial. That information is not going to be available for a while. The message today is we're hearing from this administration. That risk is low and that things are probably going to be okay. You don't need to change your lifestyle that's simply not true. There are going to be thousands of cases here. We have already moved from containment to mitigation. We are trying to lessen the severity. Here you're going to see widespread disruption to daily life. Do not believe the false. Reassurance does that mean in terms of what people should do on a daily basis. Look I think that I think we're GONNA have outbreaks here in the US. There's no question about that. I think in in parts of the country would past the point where we can contain this. We're going to have to look towards mitigation Washington State California. It doesn't need to become epidemic. We have a much more advanced healthcare system. We have better infection control procedures in hospitals. I think we have the capacity to do that. I agree we need to start taking more aggressive steps right now to make sure that this doesn't become China. Hit testing that how to China possibly be on the downside of the epidemic cow. Well and there's also something called the boomerang effect which we may be seeing in who right now. Which is that places. We think are clear are starting to have rates creep up. We may see things bounce back. But the key here is do not believe the false reassurance. I'm telling you the cases are about to surge and only then. Can we make informed decision that lower denominator on on the mortality? Absolutely so we're talking about mortality rate. I see numbers like one to two percent thrown around. I don't believe that the modeling we're using. We're using data out of Korea. We think that's the best thing that point. Two point. Four percent of that's twice as bad as a seasonal a very bad flu season. Keep in mind. Flu Kills Twenty five nine thousand Americans so worried that has been caused already in the economic effects are much more than twice the mortality rate of the flu. Where ten times more what do you. What do you make of the diamond for instance? Because I know that's not a typical population. But the case fatality rate. There's GONNA be above one percent probably when you know if you're an eight because it's an older population right. So if you're an eighty year old on a cruise ship. You're in trouble. I mean the case fatality rates over ten percent We're seeing ages one to nine exceedingly low right. There's a lot about this absolutely so widespread surveillance is going to start giving us information so that we can make these informed decisions about whether March madness needs to be cancelled. Are there different levels of panic around the country and the reason I'm asking is because I was in Detroit last week and this is a small example but I asked a room full of clients and investors are you worried about corona virus and they unanimously said. No and I said. Are you not worried? Because you think you're going to catch it in your still be okay or are you not worried. Because you don't think you're gonNA catch it and they said we're going to be. I think this is going for a while. This is going to be regionally. GonNa have regional outbreaks where you're going to have more focus on it in certain parts of the country Washington state. We're probably a couple of weeks away from some significant measures in Washington state to try to mitigate spread in northern California's. Well look a couple of weeks away. It's got an incubation period of potentially a couple of weeks so are we kind of just always going to be behind the eight ball on this where reacting to the news. Two weeks later. We have a lot of undiagnosed cases to his point right. Now there's probably you know low thousands of cases in this country that we now need to turn over the car. And so we're GONNA WE'RE GONNA have a surge cases before we start to catch up to the actual level of spread. You know it's a big country. Three hundred thirty million people so even if you have several thousand cases your risk of contracting it's still low but that could change very quickly. Japan is taking some pretty extreme measures like co closing schools that they're not diagnosing their cases there as aggressively as South Korea. That's where we're going to school closures here. Definitely you know. We're we're hearing that life's GonNa go about Just like normal. That's not true and to speak to the earlier question. I'll tell you I live in Westchester and when I'm walking around Westchester not really worried about corona virus. But when I get on the six train when I'm walking around Time Square when I'm in the emergency room every single day caring for patients. I am very worried joining today. Santo you've got is because I ride the subway because you're supposed to Scott it say how many. How many cases do you suspect you've seen if you had enough cases testing? How many cases would you have tested? We've seen one case in New York. I bet hundreds I bet there are thousands in the United States. And the longer we wait to get testing up and running the worst. This is going to be but I'm telling you as a practicing clinician. We're not there. I thought they were shipping tests to California in Bulk CAPAC- by the end of this week. So we have about one hundred public health. Labs will have a capacity to do one hundred tests day so it's a ten thousand tests a day by the end of this week. That still requires physicians like you to call the Public Health Department of State to order the test. That's cumbersome by the end of the week after that we should have maybe as much as another ten thousand tests capacity -Oday so we'll be at twenty.

China United States Japan California flu CNBC director of Market Strategy Me South Korea Scott Gottlieb New York Janice Henderson HIV Dr Matt McCarthy Canada becky Fda Department of Health Liz Young penicillin Joe
Twitter CEO Jack Dorsey could be ousted by activist investors

Squawk Pod

00:54 sec | 1 year ago

Twitter CEO Jack Dorsey could be ousted by activist investors

"Media reports say Elliott Management is taken roughly one billion dollars stake in twitter and nominated for directors to the board Elliott which is known for its activist. Campaigns has been in talks twitter's management about its desire for the company to find a full-time CEO twitter's Jack Dorsey also CEO of Square of course and he said last year he plans to move to Africa for three to six months this year. There's a Lotta talk over the weekend about whether this was a political move because just connections with the president but this seems like a pretty easy woman. Ceo has two jobs and he says he's moving to Africa these because it was a pretty easy target by saying you're going to go to Africa for three to six months. Easy time for one of these guys to step in and say Let's pay square. A square is a big company. I started it was kind of this thing I have on the side maybe promising. And so it's it seems like it's at least one job.

Twitter CEO Jack Dorsey Africa Elliott Management Square Of Course Elliott President Trump
"jack welch" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 1 year ago

"jack welch" Discussed on Bloomberg Radio New York

"Studios in Washington DC for world and national headlines with well remembering a legend in corporate management Paul Bloomberg spot moon has this look back at the life and legacy of former General Electric CEO Jack Welch is my last company wide meeting I thank all of you for what you've accomplished and even more for what you're doing the future general electric's values Bloomberg's Tom Keene recall grew four thousand percent in twenty years on it is legendary executive people forget now here was a Jack Welch who invented how you do business which is don't make mistakes make as few mistakes as you can within the manufacturing process which now sounds like the but the time was revolutionary many workers took another view branding him neutron Jack for ruthless factory shutdowns and layoffs false kindness is the dumbest thing in the world it's the coolest thing in the world Jack Welch retired in two thousand one Bob moon Bloomberg radio man is wife says Jack Welch died yesterday at the age of eighty four the Supreme Court has agreed to decide a case that threatens the future of the Obama era affordable Care Act but it's probably not going to do so until after the twenty twenty election the High Court has agreed to hear an appeal from twenty mainly democratic states of a lower court ruling that found part of obamacare was unconstitutional and cast doubt on the rest of the law this could be the third time the Supreme Court has moved I have faced a battle over obamacare meantime the High Court has turned down an appeal from gun rights advocates over so called bump stocks those attachments that can make semiautomatic weapons fire like machine guns trump administration banned them after about a dozen were found in the Las Vegas mass shooters hotel room the Supreme Court.

Jack Welch Bloomberg Supreme Court High Court Washington Paul Bloomberg General Electric CEO Tom Keene executive Bob moon Obama obamacare Las Vegas
Former General Electric chairman and CEO Jack Welch has died

WTOP 24 Hour News

00:26 sec | 1 year ago

Former General Electric chairman and CEO Jack Welch has died

"One of America's best known CEOs has died Jack Welch who led General Electric for two decades was eighty four he died from kidney failure well started G. in nineteen at G. E. in nineteen sixty as a chemical engineer in nineteen eighty one at the age of forty five wells became chairman and chief executive he is credited with growing G. E.'s market value from twelve billion dollars to four hundred ten billion dollars

America Jack Welch General Electric G. E. Chairman Chief Executive
"jack welch" Discussed on Freakonomics

Freakonomics

01:50 min | 3 years ago

"jack welch" Discussed on Freakonomics

"Yeah that's right okay so let's you talk about what i would have done or what somebody else would have done when i was there is unfair i mean i herod a lot of nuclear liabilities i heard a job unease solve jeff and they on well i loved or december on september seven on september eleventh he had his world blown up sure so you know everybody she's a different environment so comparing one ceo to air environment another how did you handle your environment that's the only question not how somebody else would starting yes somebody who did something let me ask you this in nineteen ninety nine not long before you retired from ge you said that your ultimate success would be determined by how well your successor grows the company over the next twenty years when you said that ge's market cap was up north of four hundred fifty billion now it's almost twenty years later it's just north of two hundred billion so talk to me about that i know that you very not that you don't why not i mean it's public wreck i mean we know that you are anyway where you want but i i'm not i haven't commented on my successor once in the twenty years and i don't club now you can judge me any way you want on where i picked the right guy unawed you gave numbers and one from those numbers would question how well i did but i'd not commenting.

jeff ceo ge twenty years
"jack welch" Discussed on Freakonomics

Freakonomics

01:53 min | 3 years ago

"jack welch" Discussed on Freakonomics

"So culture counts now there there are some people who would say that the astronomical growth at ge under jack welsh was due in part to coinciding with a huge boom in financial services and obviously you acquired a lot financial services became a huge part of general forty percent sam so huge part during that period we should also note that that was the category that's been most aggressively cut in the last several years i'm just curious from telling me the kidder story did you regret that you had to take on so much of financial services to drive profit be you didn't know i thought we have tons of leverage there we had a great balance sheet we had a talent in financial services we had our own homegrown financial management program where we could put people we build great businesses and i would still be entered by was running but oh really that's interesting so you wouldn't have the best doing with the assets they bought yeah well it helps when you're making up a fake million accounts here and there right well that that's not that's not the business they bought yeah so you're saying that you would not have divestiture financial services stuff if i'm not saying that i i'm saying that i might not have gotten in trouble they got in by by exploding in real estate but that that's second guessing i you can't second guess seo that happened eight years after i left that's the normal tenure for two ceo's.

jack welsh ceo ge kidder forty percent eight years
"jack welch" Discussed on Freakonomics

Freakonomics

01:57 min | 3 years ago

"jack welch" Discussed on Freakonomics

"We'll say i think he's changed i beg he's changed for the better in many ways and some speeches he gives but the consistency isn't there by any means i mean he gives a u n speech that was remarkably effective firstclass forget whether liberals will give them the credit for that but he in my mind he gave a great speech and by the weekend he was having a fight with the nfl was to talk you didn't hear another day of the un speech so i mean he'll learn from that i think i hope when you look back at your tenure ge you had you know look it's a big company with many tentacles and you were there for many years so there were an awful lot of different issues controversies occasional crises you had financial you had environmental you had some involving personnel walk me through what felt at the time like the worst one and how you addressed it the worst one i think i think of off hand well i had a number of experiences in my life and while i was running it that one comfortable i blow up a factory that was early on right and tell the story about how your boss or who maybe it wasn't your immediate boss maybe bosh ignore me yeah he made sure he got away from me and i blew the roof off the factory fortunately no one was killed i was called new york's explain what happened by my boss's boss's boss so i met this guy really for the first time guy named charlie read i.

nfl new york charlie un
"jack welch" Discussed on Freakonomics

Freakonomics

01:56 min | 3 years ago

"jack welch" Discussed on Freakonomics

"You find ways to include everybody in the party in some way some gary wanted more than others but we had sixty five thousand people getting stock options at the we started with one hundred and fifty we had more people playing in the pot more people making a million bucks all that that's good stuff right right it may sound crew talking about money but i think it works pretty well and it's pretty important i think so yeah yeah as better than a plaque coming up after the break welsh revisits an event he thought would get him fired from gene i blow up a factory and what he learned from that incident never kick anybody when they're down when they start to swell instead of grow lacombe when that happens but don't should somebody when they're down we'll be right back after this here's another question for the ceo of ziprecruiter ian siegal ian tell us more about when to start hiring most business owners wait too long to hire they let their business run them is the sixmonth role if you repeat a task for six months it's time to hire someone else to do it your time is better spent growing your business at ziprecruiter we help businesses find top talent so they can constantly evolve in grow well there you have it now our listeners can try ziprecruiter for free today at ziprecruiter dot com slash ceo that's ziprecruiter dot com slash ceo.

ceo gary welsh six months sixmonth
"jack welch" Discussed on Freakonomics

Freakonomics

01:53 min | 3 years ago

"jack welch" Discussed on Freakonomics

"When i took over about forty two percent of the non about forty two percent of the points but into the program when i retired ninety four percent would bet their life on the company that's what you want you want engagement you want them involve you want the billing part of a mission with a purpose that's what it's is all about i'm curious i know you've played sports as a kid you were pretty good sports teams it turns out along with the military are some of the few units in our society that are really good at creating bonds across all boundaries race you name it i agree i agree totally and i'm curious weather you used that kind of thinking what i'm curious whether you know look a lot of kids are into sports but i'm curious whether any of your experiences as a kid in sport you imported into the way you thought about managing and building team 'cause you know look we know it's a cliche now to say it's a team teamwork etcetera etcetera etcetera but a sports team is a real thing and operates differently than most hierarchies and i'm curious to know how much of that you a you brought in well let's start with different she asian i wear in different nation when i was eleven years old playground throw the bat up you put your hand one over the other and the person the top sobat has the first batch and i was eleven and the other guys were fifteen and sixteen and i was playing playground in a in a modest area to say the least and what happens to the worst player he pits last andy field.

andy field forty two percent ninety four percent eleven years
"jack welch" Discussed on Freakonomics

Freakonomics

02:02 min | 3 years ago

"jack welch" Discussed on Freakonomics

"You make 'em pretty easy fran frankly it's a lot easier to come up on a company and see it's foibles from the bottom to in the middle then be brought in as a hero at the top and know nothing of the infrastructure of the vibes of the place that's interesting you say that we recently spoke with such in a delo the relatively new ceo of microsoft and that was a case where almost everybody wanted an outsider because they felt there'd been stagnation internally but you're saying at least from your perspective of being the insider who was made ceo you had all that institutional knowledge in leverage using that was a big advantage for you yeah i think dalla has some other same characteristics that i had in that regard maybe he's more subtle than i one but he has a lot of the same characteristics of saying they're frustrated by the bureaucracy at microsoft and morning to get at it participate in the cloud more aggressively and he's done it very impressive job but he he had the benefit of being there yeah when you first became ceo of ge nineteen eightyone what were the biggest adjustments feel free to take your time on this answer because the ge already was a very large company and from what i from what i've read from what you've written there were a lot of issues on a lot of different dimensions that you felt needed addressing while the betas thing i thought the biggest weakness summarizes at all regulations in departure and he was a hell of a guy and he had the courage to pick me and he.

ceo microsoft dalla fran ge
"jack welch" Discussed on Freakonomics

Freakonomics

01:43 min | 3 years ago

"jack welch" Discussed on Freakonomics

"Getting all the money all the races now that's the purest form athletics is the purest form of give give renovation because his public everybody understands it the fans understand it people in the senate bed business is more subtle and it's more equality live so the precision isn't that different shea so judgments important but he you don't win with a yang i'm mediocre players in business are in baseball let me ask you this i know that when you were alternately appointed ceo by reg jones you write about that three really interesting story he was you were very different from him he was kind of buttondown formal classically trained in a way and british and you're more scrappy boston area said what you thought didn't didn't necessarily care that much how people received it it was a fascinating handoff from him to you and it's amazing that he saw in you know what others may not have seen i'm curious you're there a long time before that day i i wonder how much you were motivated to stay in rise by your desire to change the way the company was run because you and he both acknowledged that at the time you took over ge need a lot of change yeah i had an enormous thirst to get my hands on it and so obviously i was on the sidelines thinking what what i would do if i got it and when i got it i get it.

shea baseball ceo reg jones senate boston ge
"jack welch" Discussed on Freakonomics

Freakonomics

01:55 min | 3 years ago

"jack welch" Discussed on Freakonomics

"Or finance or anything like that now obviously chemical engineering was useful for a company like ge especially back when you joined it but can you talk for a minute about engineering as a background generally for leading a company well i think critical thinking is always important and an engineering degree lead you to critical thinking so my view of a phd is you always going down blind alleys to get a solution to a thesis and it was the most helpful thing i ever had you not doing road homework assignments with the teacher feed you and you feed it back you're working on unknown paths to try and find a solution and that thinking is very helpful in management as you became a manager were you biased toward other engineers and promoting them no i don't think so i don't think so i i i always look for the brightest most aggressive self confident people i could find and the third one was important because they they speak back to you when you haven't crappy idea they had you that now what do you do if someone's got all the smarts and talent in the in the world but doesn't have either the aggression or the self confidence you know there are a lot of timid people out there with great ideas do you how do you not waste poten how do you not waste their talents well you've got to you you don't think about them for promotions you think about them.

ge
"jack welch" Discussed on Design Matters with Debbie Millman

Design Matters with Debbie Millman

02:07 min | 3 years ago

"jack welch" Discussed on Design Matters with Debbie Millman

"Rob to attack arms journals meriva called an honest effort okay serious effort why why is this happening well you know journal shine in the business of being liked were in the business of telling you things that are uncomfortable powerful people don't like things uh when i revealed that have jack welches retirement package worked and did the economic self there wasn't even a longer prominently played story it was so devastating him that he immediately wrote a piece in the wall street journal saying i'm relinquishing all of this and some people he said you know don't respect contracts uh i just described as contract and then to respecting it but the shareholders should should know what he was getting because it was totally at odds with his public statements and it was hidden from them and so i don't do this to be locked up you know i mean there are people who will tell you i'm the you know the guy that i kept safe from life in prison we'll tell you what a great guy i am but there are plenty of people who will tell you that they you know hate me with a passion and that doesn't bother him no no you do what's right you do what you believe is right and what in my business you can prove his true if he can't prove it he kept printed do you envision a time when washington will ever be truly accountable to the people again yes if we get rid of the current campaign finance system i've interviewed over a hundred congressmen and senators they all hate the groveling in the begging for money uh they know it's inherently corrupting but they're all risk averse as economists would say they won't change it um you know we're we're gonna overtime human beings progress but as monty python said in all there was the dark ages uh we can slip back into very bad things and if the american citizens are vigilant if they start paying attention to their govern being is involved in politics as they are in the last scrimmage in the football game we'll have a better congress do you feel optimistic about the future it can't be the father of eight children and modern america not be a total optimist out in the longhaul i think that we will do very well i think we will become more prosperous but we will not be.

Rob wall street journal washington america football
"jack welch" Discussed on Design Matters with Debbie Millman

Design Matters with Debbie Millman

02:07 min | 3 years ago

"jack welch" Discussed on Design Matters with Debbie Millman

"Rob to attack arms journals meriva called an honest effort okay serious effort why why is this happening well you know journal shine in the business of being liked were in the business of telling you things that are uncomfortable powerful people don't like things uh when i revealed that have jack welches retirement package worked and did the economic self there wasn't even a longer prominently played story it was so devastating him that he immediately wrote a piece in the wall street journal saying i'm relinquishing all of this and some people he said you know don't respect contracts uh i just described as contract and then to respecting it but the shareholders should should know what he was getting because it was totally at odds with his public statements and it was hidden from them and so i don't do this to be locked up you know i mean there are people who will tell you i'm the you know the guy that i kept safe from life in prison we'll tell you what a great guy i am but there are plenty of people who will tell you that they you know hate me with a passion and that doesn't bother him no no you do what's right you do what you believe is right and what in my business you can prove his true if he can't prove it he kept printed do you envision a time when washington will ever be truly accountable to the people again yes if we get rid of the current campaign finance system i've interviewed over a hundred congressmen and senators they all hate the groveling in the begging for money uh they know it's inherently corrupting but they're all risk averse as economists would say they won't change it um you know we're we're gonna overtime human beings progress but as monty python said in all there was the dark ages uh we can slip back into very bad things and if the american citizens are vigilant if they start paying attention to their govern being is involved in politics as they are in the last scrimmage in the football game we'll have a better congress do you feel optimistic about the future it can't be the father of eight children and modern america not be a total optimist out in the longhaul i think that we will do very well i think we will become more prosperous but we will not be.

Rob wall street journal washington america football
"jack welch" Discussed on Design Matters with Debbie Millman

Design Matters with Debbie Millman

02:07 min | 3 years ago

"jack welch" Discussed on Design Matters with Debbie Millman

"Rob to attack arms journals meriva called an honest effort okay serious effort why why is this happening well you know journal shine in the business of being liked were in the business of telling you things that are uncomfortable powerful people don't like things uh when i revealed that have jack welches retirement package worked and did the economic self there wasn't even a longer prominently played story it was so devastating him that he immediately wrote a piece in the wall street journal saying i'm relinquishing all of this and some people he said you know don't respect contracts uh i just described as contract and then to respecting it but the shareholders should should know what he was getting because it was totally at odds with his public statements and it was hidden from them and so i don't do this to be locked up you know i mean there are people who will tell you i'm the you know the guy that i kept safe from life in prison we'll tell you what a great guy i am but there are plenty of people who will tell you that they you know hate me with a passion and that doesn't bother him no no you do what's right you do what you believe is right and what in my business you can prove his true if he can't prove it he kept printed do you envision a time when washington will ever be truly accountable to the people again yes if we get rid of the current campaign finance system i've interviewed over a hundred congressmen and senators they all hate the groveling in the begging for money uh they know it's inherently corrupting but they're all risk averse as economists would say they won't change it um you know we're we're gonna overtime human beings progress but as monty python said in all there was the dark ages uh we can slip back into very bad things and if the american citizens are vigilant if they start paying attention to their govern being is involved in politics as they are in the last scrimmage in the football game we'll have a better congress do you feel optimistic about the future it can't be the father of eight children and modern america not be a total optimist out in the longhaul i think that we will do very well i think we will become more prosperous but we will not be.

Rob wall street journal washington america football
"jack welch" Discussed on WJNT 1180 AM

WJNT 1180 AM

02:09 min | 3 years ago

"jack welch" Discussed on WJNT 1180 AM

"A little he was saying that this anybody gets flyer they don't get fired like donald trump fire steeple he says we try to work with them they know what a year ahead of time what they're supposed to accomplish and if they can accomplish it the bottom twenty five percent who are not well to the business of building a business he constantly replenishes a you don't you don't agree with that oh tell me why i take uh i think first of all you always stack wreck your people you can work in the bottom ten percent or fifteen percent but you try to salvage their ball costing you do not have a ruthless culture with somebody is working with you for twenty years as a wife with three kids any dole uh uh you don't motivate them out of fear i think jack welch motivated people out of fear not the joy of success and what's indicative of the business jack welch billed as i was just in dayton ohio and i would by the place where they built a gen jet engines that gravel this is and it's a active factory the parking lot was not paved they had boarded up windows their little tubes on top of the things that even pick g e what do you think those people are doing they're fudging their numbers of make they're fudging themselves to make those numbers in me driving along the street american citizen looking one of the best burt companies seed something like that do you think i had a bad view of american general motors if you don't get enough of your factor the painted the outside i'd be feeling the emphasized x i know people in real estate several people in realestate they deal with general electric and their notorious the credit company at the eleventh hour they'll renegotiate the deal shake your hands they'll renegotiating i do not respect general electric and i'll come on record i have i have written the column about it does not respect that ruthless culture a fear center off by motivating motivating people fear is just a short term motivator jeff immelt and find out what's the story there because your copy of my letter i would love to see it loved to see it folks boy were getting some great perspective here our guest today general electric i had a.

jack welch ohio windows american general motors real estate the deal jeff immelt donald trump dayton twenty five percent fifteen percent twenty years ten percent