2. GE Product & Services APPLIANCES HEALTHCARE AVIATION SOFTWARE & SERVICES CONSUMER PRODUCTS WATER ELECTRICAL DISTRIBUTION RAIL ENERGY FINANCE - BUSINESS FINANCE - CONSUMER LIGHTING MEDIA & ENTERTAINMENT OIL & GAS
7. This is often acknowledged as the "dawn" of the obsession with shareholder value
8. He earned a reputation for brutal candour in his meetings with executives
9. He would push his managers to perform, but he would reward those in the top 20% with bonuses and stock options.
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13. Business Leader Jack Welch, the long-time Chairman and CEO of General Electric, has been hailed as the greatest business leader of our era.
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16. CRITICISMS Welch has received criticism over the years for an apparent lack of compassion for the middle class and working class. Some industry analysts claim that Welch is given too much credit for GE's success. They contend that individual managers are largely responsible for the company's success. Welch stated that CEO compensation should continue to be dictated by the free market, without interference from government or other outside agencies.
