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Article: Jack Welch can't help the car guys.(Brief Article)
- Article from:
- Automotive News Europe
- Article date:
- October 22, 2001
CopyrightCOPYRIGHT 2001 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JACK WELCH'S magic isn't working in the automotive industry. In fact, the three auto companies led by disciples of General Electric's celebrated CEO are in trouble. And Jack Welch is partly to blame.
Welch, who just retired from GE, is one of the most revered industry leaders of all time. He turned the 1960s-style conglomerate into the most valuable public corporation in the world.
He's the Holy Father of corporate governance. His ideas are seized upon as sure things. The current generation of CEOs includes countless executives who've modeled their careers and their companies on Welch and GE.
Certainly it's been Welch's way or the highway for ...