Word: welch
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...most eagerly awaited executive decision since the scrapping of New Coke, super-CEO Jack Welch last week named an heir to the GE throne. He is Jeffrey Immelt, 44, an aggressive yet charming manager who currently runs GE's Medical Systems unit. GE was mum on Immelt's numbers, which will be laid out in the company proxy in a few months. No doubt the Welch protege won a valuable prize. As Welch pointed out during a press conference last week, "He got a helluva raise, I'll tell you that...
Corporate takeovers get all the attention. How could they not? Billions of dollars and thousands of jobs are at stake. Then there's the rock-star status of dealmakers like GE's Jack Welch. But the ugly truth about mergers, running at a record clip again this year, is that a great many don't work out. It should be no surprise, then, that amid so much merger mayhem, company divestitures are running high as well...
...will be well trained and whip smart. Be he won't be Welch. Few CEOs have had any luck running conglomerates in the past decade, and no one else running an industrial behemoth like GE will get the Welch premium. It will erode, and the stock will lose some magic. On top of that, Welch's successor faces the daunting challenge of converting Honeywell's slower-growing businesses into the kind that expand 20% a year, as GE does...
...issues at AT&T are vastly different. CEO C. Michael Armstrong tried his hand at Welch-style growth, spending more than $100 billion on acquisitions in the past three years as he attempted to build a one-stop solution for TV, cable, the Internet, wireless and wired local and long-distance phone service. It hasn't worked, and now he's busting the company into four parts...
...stocks. Big decisions. Neither company is likely to hurt you badly. GE will keep growing without Welch, and AT&T is getting so cheap that it will attract bargain hunters. But as icons go, both will disappoint...