Word: ge
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...From the U.S. standpoint, the week's only truly sour note had nothing to do with the President's performance. It came, rather, with a surprise announcement by Jack Welch, chairman and CEO of General Electric Co. The conditions that the E.U.'s competition authorities wished to place on GE's merger with Honeywell International, Welch said, were deal breakers. Bush may have sympathized, but he did not make the GE deal part of his official business...
JACK WELCH GE's $45 bil bid for Honeywell too sticky for Euro regulators. Rare dud for Neutron Jack...
Nigel Killick, a member of the HBS graduating class asked Welch, a figure revered for his 20 years at the helm of one of the world's largest corporations, about how he started off in at GE and how he deals with the stress of running the company...
Welch also defended certain practices that he has instituted at GE-including making public examples of those who cheat the company and consistently firing under-performers...
When asked by Killick how he deals with the stress of running GE, Welch countered by saying that business is not as taxing as it is sometimes made...