Word: welch
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...thing to be attacked by Jack Welch and quite another to be savaged by the European Court of First Instance. That's what Mario Monti, the E.U.'s competition Commissioner, is discovering. Monti famously withstood pressure from Welch, the former General Electric chairman, when the E.U. last year blocked GE's $43 billion acquisition of Honeywell. But last week Monti took a one-two punch from Bo Vesterdorf, president of the Luxembourg-based Court, in separate rulings that savaged the "errors, omissions and contradictions in the Commission's economic reasoning." The court overturned vetoes blocking two mergers: Schneider Electric...
Wetlaufer resigned in April after The Wall Street Journal reported that the Review cancelled her story about former General Electric CEO Jack Welch because of allegations that the two had an affair...
Wetlaufer admitted to having had an "improper relationship" with Welch and stepped down when Review staffers complained...
...Exchange Commission chairman Harvey Pitt named Scott Taub to oversee the sector as deputy chief accountant. Taub had experience on the Professional Standards Group at his last firm - Enron's accountant Andersen. BOTTOM LINES "One thing I learned during my years as CEO is that perception matters." Jack Welch, former chief executive of General Electric, announcing his decision to forgo many of his retirement perks after they drew criticism in the media "Devaluations are not risks in Latin America, they are certainties." Mario Giraldo, president of Colombian foodmaker Noel, on the region's monetary woes "He was the Great Satan...
...Buffett of Berkshire Hathaway are members. So is Kenneth Chenault of American Express, one of a handful of black members at the Georgia golf club. Sources tell TIME that Microsoft co-founder Bill Gates recently became a member. General Electric is still paying the fees for retired chairman Jack Welch, according to papers filed in Welch's divorce proceedings. None of the golfing chiefs are talking: members are required to sign an agreement not to speak about the club, although one told TIME anonymously that Johnson's move came as a surprise. Another source within Augusta said the club doesn...