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...financial conglomerate Primerica in 1992 only to have the deal fall through, must first nurse the firm back to health before he can have any hope of finding a buyer. In the latest management shuffle at the brokerage, Welch brought in a new executive team headed by Dennis Dammerman, GE's chief financial officer, to restore Kidder's profits. "What I've got to do with Kidder is get it solidly grounded," Welch says. "Until Kidder gets stabilized, I don't have very many options to do anything...

Author: /time Magazine | Title: Interview with Jack Welch: Jack in the Box | 10/3/1994 | See Source »

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