Word: welches
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...Welch, who was the first in his family to earn a college degree, graduated from the University of Massachusetts in 1957 with a B.S. in chemical engineering. He received his M.S. and Ph.D. degrees in chemical engineering from the University of Illinois...
...Welch joined GE as a junior engineer in 1960 but quit after a year, tired of GE's bureaucracy, to head to International Minerals & Chemicals in Skokie, Ill. If not for the intervention of a superior who was impressed with the young Welch, the futures of GE and Welch might have looked very different...
...superior persuaded Welch to stay. And under the direction of Welch, GE has broken one earnings record after another as other businesses have come tumbling down under the pressures of global competition. With $437 billion in assets and $130 billion in sales, GE has grown to include NBC in its empire as well as several high-technology manufacturing divisions and 24 financial services divisions...
...Shareholders have reason to toast Welch's leadership. Business Week in 1998 reported that nobody has returned larger profits to shareholders than Welch...
...William H. Gates III or Intel's Andrew S. Grove, not Walt Disney's Michael D. Eisner or Berkshire Hathaway's Warren E. Buffett, not even the late Coca-Cola chieftain Roberto C. Goizueta or the late Wal-Mart founder Sam Walton has created more shareholder value than Jack Welch," business writer John A. Byrne wrote...