Word: welch
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Dates: during 2000-2009
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...important test of his life, sheer doggedness wasn't enough. The son of a GE factory worker, Nardelli, 56, had spent close to 30 years at that company trying to prove himself as CEO material. In November 2000 he lost a two-year, three-way contest to succeed Jack Welch. "To say I wasn't disappointed would be lying," Nardelli says. "You don't train to come in second." Nardelli bounced back to become CEO of Home Depot, a company half the size of GE, a month later. This time his GE management style and determination are paying off. After...
...succession race at GE was grueling and public. Nardelli, who has the forceful bearing of an offensive lineman, has compared it to playing in the Super Bowl--"the last two minutes for two years." He lobbied Welch for the chance to run his own unit, then took GE's weakest business--making electricity-generation equipment--and quadrupled its sales. But Jeff Immelt, who was known for his polish and intellect and ran GE's cutting-edge medical-systems business, won the top job. The other contender, Jim McNerney at GE Aircraft Engines, entertained an offer from 3M before the race...
...promote to co-president both Freston, 58, and Leslie Moonves, 54, who ran CBS, filling the vacancy left by Karmazin, 60. Redstone said he would finally call it quits within three years, setting up a horse race for the top job at Viacom, a la GE after Jack Welch retired in 2001. Critical to Redstone, Freston and Moonves are dyed-in-the-wool content guys. Freston, a free-spirited music lover who has served on the board of the Rock and Roll Hall of Fame, engineered the phenomenal success of MTV. Moonves, a hard-charging executive, has turned CBS Television...
...know there’s going to be a lot of qualified applicants applying for the job,” Welch said, noting that the position will probably be filled quickly to ensure recruiting doesn’t suffer. “It’s well known nationally. And Harvard kind of put itself back on the map nationally these last few years. We’re not going to have any problems finding a great, qualified coach for next year...
...disappointed that we did not achieve more,” junior Noah Welch said. “But I’m so proud that we were able to overcome adversity and put together a championship team...