The Jack Welch Era

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Title: The Jack Welch Era

Essay Details:

Subject: Business

Author: Diane R

Date: May 9, 2015

Level: University

Grade: A

Length: 3 / 741

Essay text:

Shareholders and managers became rich off of Welch's vision. Within his first five years as CEO he closed 73 plants, sold 232 businesses and eliminated 132,000 workers from GE. There were opposing views to his tactics, many supported him and many did not agree with him. Many called him "Neutron Jack" because as he rolled out his vision, GE had mass layoffs of many people that had been loyal to the company for a long time. Many despised him and felt he had no heart because he discouraged the use of the word loyalty within the entire company. In 1986 he emphasized globalization to lower costs. He held managers responsible for globalizing the departments they were in charge of...

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