Word: welched
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Dates: during 1990-1999
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SACRED HEART: Reis 2-3 2-4 7; Hunter 1-94-6 6; Randazzo 7-17 4-5 22; Lydeka 1-5 0-0 3;Fesko 5-12 0-0 10; Jones 4-7 2-2 10; Welch 1-2 4-66; Sandy 0-0 0-0 0; Clifford 0-1 0-0 0; Reeves 0-20-0 0. TOTALS...
...into a diversified manufacturing and finance colossus with strong positions in media and information. This year's sales are expected to exceed $100 billion, and with market capitalization of $302 billion, the company is in a close race with Microsoft for the title of Most Valuable. GE chairman Jack Welch isn't the innovator that GE's founder Thomas A. Edison was, but this son of a railroad conductor and lifelong GE employee would certainly get my vote for CEO of the century...
This is not coincidence. GE is arguably America's best-run large enterprise, and under its charismatic chairman, Jack Welch, it has moved aggressively to position itself as a truly global corporation while pursuing every available strategy to boost profitability and shareholder value. While few investors would argue with GE's corporate strategy or its success, it is fair to question the government's continued use of taxes from the rest of us to make GE's hefty profits even greater...
Everyone from Peter Lynch to your barber will tell you that before you invest in a company's stock, you should make sure it has great management. The best managers are agile enough to steer through trouble and exploit new opportunities. That's how Jack Welch at General Electric became a star and why GE perpetually trades at a higher multiple of earnings than the average stock. Welch is proven. You can buy his stock and throw it in a drawer. Ditto Charles Knight at Emerson Electric and Lawrence Bossidy at AlliedSignal...
...went into TV due to J.P. Welch who destroyed Senator McCarthy, not for show business," Myhrum says...