Jack Welch teaching 8 week class at Sloan titled, "Conversations with Jack Welch"
The Welch Way Mit Class Getting Blunt Advice From Business Icon October 14, 2006 By MARK JEWELL, Associated Press
CAMBRIDGE, Mass. -- "Don't fall in love with your workers," a business instructor tells a student who's launching a small start-up company. "If you've got 16 employees, at least two are turkeys."
It's hardly the only piece of blunt, politically incorrect advice the charismatic teacher dishes out in a windowless basement classroom filled with 30 M.B.A. candidates, many of them hoping to eventually become CEOs. Wearing a blue blazer and checked shirt, the baldheaded instructor stands in front of a lecture table, rather than behind it, through most of the 90-minute session, sharing his management ideas with a preacher's fervor.
If it sounds as if the instructor is copping an I've-seen-it-all attitude, it's because he has reason to. He's Jack Welch.
Although Welch's 20-year-run run as chairman and CEO at General Electric Co. generated criticism that he was too quick to cut jobs - leading to the not so flattering nickname "Neutron Jack" - he also won legions of followers who see him as a management guru with unparalleled leadership abilities and business acumen. Then there's his record of increasing GE's market value by more than $400 billion before he retired in 2001 as head of the industrial, financial services and media giant. Read the rest of the article