Word: welch
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...mediocre? The corporate icon headed by Jack Welch since 1981 has thrived by being focused. Be No. 1 or No. 2 in a business. Period. Welch has amassed operations in a dozen industries ranging from financial services to aerospace to media. With Welch steering, GE has increased its market value from $13 billion to $518 billion, becoming the most valuable company in the world...
Shareholders continue to be amply rewarded. GE is up modestly this year, while the Dow is down 8%. Call it the Welch premium. GE's remarkable ability to keep its stock rising means investors are willing to pay more for it. Currently, they pay $43 for every $1 of annual GE earnings. At Honeywell, investors before the announced takeover were paying a mere $21 for $1 of earnings...
...loss certainly was a missed opportunity for Harvard, as Penn State was vulnerable with Olympic alternate Christie Welch out with a foot injury and No. 2 scorer Heidi Drummond unable to play after a violent collision with Gunther in the game's opening minute...
Penn State (5-2-1) will also be a Crimson opponent this season. The No. 7 Nittany Lions have already beaten common opponent Texas A&M, on the strength of a goal by Olympic alternate Christie Welch-a player who should be familiar to anyone who watched the U.S. National Team at the CONACAF Gold Cup at Foxboro this summer...
...There was lots of crime news in the big type too. Over in Utah, a 15-count indictment was handed up against Salt Lake City bid-committee principals Tom Welch and Dave Johnson in connection with the $1.2 million in graft that preceded--led to?--Salt Lake's selection by the International Olympic Committee as host of the 2002 Winter Games. The feds went ballistic on Welch and Johnson because they wouldn't cop a plea to bribing I.O.C. members. The two say they're innocent because schmoozing members at the time wasn't against I.O.C. policy--it was I.O.C...