Quote:
Originally Posted by finnbow
I got my MBA in the late 1980's at which time Jack Welch was considered an absolute god in the business community and was praised in any number of the courses I took. And then he (and his successor Jeff Immelt) drove GE into the ground mostly on the back of GE Capital.
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A guy I knew in social work school who got out of GE in the late 80's told me about these GE staff conferences where Welch would stand in front of an auditorium full of managers, launch a profanity laden tirade that and assured the attendees therein that "next yesr at this time a quarter of you will be fucking gone."
I thought the guy was exaggerating, but perhaps I was wrong.