Word: welches
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...over as CEO three years ago, the company had posted a $57 million loss, debt was out of control, and engineers were heading for the exits. Suh started paring debt and halved the work force, a gutsy move in layoff-averse Korea. The hard-driving Suh, who counts Jack Welch and Margaret Thatcher among his heroes, dismantled Eastel Systems' hierarchy, which stopped anybody from making a decision unless the boss was around. Now he enjoys sitting with his employees over a meal of grilled pork and fiery Korean-style rice wine. His strategy is paying off. Debt is down...
...would have been natural for Jeffrey Immelt to reflexively embrace the strategies of his predecessor, storied über-CEO Jack Welch, who built GE into one of the world's most profitable companies. But Immelt, 48, quickly went his own way, imposing new long-term strategies. When scandal erupted over Welch's perk-laden send-off, Immelt responded by taking a lead role in corporate reform. For starters, he put more independent directors on the board and got rid of stock options as part of his pay. "We know we are studied," he says. "We feel we have a responsibility...
By age 38, Vivek Paul had already seen his American Dream come true. He arrived in the U.S. from India as an M.B.A. student in 1980, worked hard, married, started a family and rose to a top job at GE, having been recruited by Jack Welch himself. Then, in 1999, Azim Premji, chairman of Wipro, an Indian conglomerate, called him back to India. He asked Paul, a former water-polo captain, to take over his software unit, Wipro Technologies. "He said, 'You can build another skyscraper in New York,'" Paul says, "'or you can build a completely new thing...
Along with captain Noah Welch, assistant captain Tom Cavanagh, forward Brendan Bernakevitch and freshman Jon Pelle, Lederman is a fixture on the Crimson’s top power-play unit. The first three were established offensive powerhouses entering the season, and the attention they drew from opposing teams’ penalty kills was enough to give Lederman anonymity and freedom...
...play unit...The Crimson continued its stifling defensive efforts against Maine with 22 blocked shots, many of which came on the 7-for-8 penalty kill...Though he still leads his team with 16 penalties—his nearest teammates have been whistled six times—captain Noah Welch has amassed only four penalties during Harvard’s five-game winning-streak. On Saturday night, he was even seen breaking up a mid-ice fight...