Word: electricizers
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The nation's success in the next decade depends on the enthusiasm and creativity of young people, the chief executive officer of General Electric said last night, as he accepted a Harvard award for his company's programs to improve education in urban and rural high schools.
In his talk, entitled "Mentors, Tutors, Friends: Employee Volunteers in America's Schools," Welch described the efforts of General Electric employees to assist high school students with their academic and non-academic problems.
Although financial support has contributed to the success of the General Electric program--more than $20 million has been earmarked for the mentoring effort--human support is much more important, Welch said.
While Washington fiddles, the faltering U.S. economy has started imposing hardships that recall the severe slumps of the 1970s and early 1980s. Major American companies are slicing costs to the bone and declaring sweeping layoffs. "It's going to be brutal. Many businesses are broke, but won't admit it...
The market plunge has forced many institutional investors in Japan to dump foreign holdings to bolster their dwindling supplies of cash. While Japanese industrial giants still crave strategic mergers with glamorous U.S. firms, as in the case of Matsushita Electric's expected bid for Hollywood's MCA, they are less...