Jack Welch

18 results

BlackRock founder Larry Fink said companies must ‘demonstrate their commitment to the countries, regions, and communities where they operate’ and that ‘purpose is not the sole pursuit of profits’.  Photograph: Michael Cohen/Getty Images

For decades, American companies took it as read that their purpose was simple: to make as much money as possible for their shareholders. That has now(...)

There are so many things that can be measured these days which makes it easier than ever to focus on metrics rather than judgments.

“If you can’t measure it, you can’t manage it” goes the familiar advice often attributed to the American management consultant and educator Peter Druc(...)

Former Manchester United manager Alex Ferguson: “It is unfair . . . to try and retain the authority you once possessed. You have to let go and let the new man and the new regime do what they think is best.” Photograph: Oli Scarf/AFP/Getty

Alex Ferguson, the former manager of Manchester United, once offered this universal truth about how to behave towards a successor: “It is unfair . . .(...)

Workers install scaffolding around a gas turbine at a General Electric factory in Greenville, South Carolina.

General Electric has paid more than $6 billion (€5.1 billion) in fees to Wall Street banks since the turn of the century, even as its market value has(...)

General Electric: while its industrial business looks analogue in the digital age, somebody has to make the engines that fly planes. Photograph: Venance/AFP/Getty

As end-of-an-era stories go, this one was irresistible. General Electric, once the mightiest corporate conglomerate in the world and a benchmark of Am(...)

GE reports earnings for the fourth quarter of 2017 next week, and the payments will mean taking a charge of $9.5 billion before tax and $6.2 billion after tax.

General Electric is looking at a further break-up, its chief executive said on Tuesday, extending its retreat from the conglomerate model it champione(...)

Jay McKee (44), of Sachse Construction, meets with his mentor Erika Lawson (28) in Detroit. Photograph: Laura McDermott/The New York Times

Junior office workers once had a fairly predictable set of daily tasks. Write the sales memo. Build the PowerPoint. Make the coffee. Now, many young p(...)

If you are as famous as  Bill Clinton, you can wallow in former glory more or less indefinitely. People will pay to hear you discuss your previous greatness many decades after the event. Photograph: Koen Van Weel/AFP/Getty Images

Two men are ploughing up and down a swimming pool in downtown Los Angeles. As they rest between laps, one of them announces that he is 90 years old. T(...)

Fat cats: chief executives say people criticise their high pay without understanding their true worth.

Theresa May has retreated from some of her plans to crack down on executive pay, but business leaders continue to attack her. They are pleased the Bri(...)

SAP is a world leader in human-resources  software and gets a lot of feedback from its customers, which may have influenced its decision to ditch the dreaded annual review

Germany’s SAP, maker of software used to grade the performance of millions of employees worldwide, is ditching its own annual performance reviews as t(...)

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