Word: welch
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Dates: during 2000-2009
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Kozlowski liked to think of himself as a budding Jack Welch, but unlike Welch, he never developed a set of business practices that brought real synergy to his disparate businesses. He had little patience for GE's vaunted Six Sigma quality-control doctrine, nor did he make enough investments in information technology. And he apparently didn't do a good job of nurturing a new generation of managers: retired chairman John Fort had to return as interim CEO last week. Some analysts think that in his passion for quick deals, Kozlowski often overpaid, most notably for CIT, which may fetch...
...paying about $3 billion for Zomba Music. The label, which owns acts like Britney Spears, exercised a "put" option that forced Bertelsmann to buy. Jacking Up Fiat Signaling major restructuring ahead, Fiat CEO Paolo Cantarella resigned. He was replaced by Paolo Fresco, who learned his management style under Jack Welch at General Electric. No Trade Is An Island Instinet, a unit of British media group Reuters, will buy rival electronic-trading firm Island for $508 million in stock. The deal combines NASDAQ's two biggest rivals. French Attack Shares in MobilCom fell 46% to ?7.25 when France Telecom said...
Suzy Wetlaufer ’81 announces her resignation from the Harvard Business Review after two months of controversy surrounding her affair with former General Electric CEO Jack Welch. Wetlaufer was profiling Welch for an article in the Review...
When last we checked in with that crazy, love-struck couple JACK WELCH and SUZY WETLAUFER, she was taking a leave of absence from her job and he was confronting the leave of half his $900 million fortune in a divorce settlement with his second wife. The reason for both losses was the romantic relationship sparked when Wetlaufer, the editor of the Harvard Business Review, interviewed Welch, the retired head of GE, for a story in her publication. But the saga continues now that journalists have dug into her past. Wetlaufer was supposed to return to HBR as an editor...
...interaction with Welch had developed into an affair, which she had concealed until she was confronted by Welch’s wife...