![]() ![]() ![]() In the interest of full disclosure, several of us on the Harvard Business School faculty knew or had contact with Welch and his organization during his tenure. Gelles and Cohan cite everything from failed acquisitions and strategies to brutal downsizing, forced ranking of managers, a poor environmental record, legal accounting practices designed to manage earnings, and failures of GE-trained leaders after leaving the company, just to cite a few anecdotes. Thirteen years into his tenure, GE became the most valuable company in the world. For the Gen Zers and Millennials among us who don’t even recognize the name, this is a guy who, when he retired, was called “the CEO of the 20th century” by many business observers. Their titles-David Gelles’ The Man Who Broke Capitalism and William Cohan’s Power Failure-leave little doubt about what they think of Welch as a leader, although Cohan's is a more careful, balanced appraisal. Jack Welch’s leadership practices and accomplishments as CEO of General Electric for 20 years have once again come under scrutiny.
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