Welch : An American Icon

This book provides a look at what the innovative powerhouse executive has brought to American business and what will ultimately be his legacy. Thorough, authoritative, and absorbing, Welch: An American Icon includes interviews with CEOs at other leading companies who have worked under Welch and been trained by him, as well as interviews with other GE executives.

JANET LOWE is the bestselling author of numerous business books including Damn Right! Behind the Scenes with Berkshire-Hathaway Billionaire Charlie Munger (Wiley) and Value Investing Made Easy. Formerly the financial editor of the San Diego Tribune, she has written more than 200 business articles for such publications as Newsweek, the Christian Science Monitor, and the Los Angeles Times.

Preface

7

(11)

Acknowledgments

11

(2)

PART I THE JACK WELCH LEGACY

13

(56)

The House of Magic: How Welch Became an American Icon

27

(22)

The Gospel of Good Management

49

(20)

PART II GENERAL ELECTRIC THEN AND NOW

69

(120)

The Companies General Electric Dumped

81

(12)

The Companies General Electric Acquired

93

(20)

Building from Within

113

(16)

The Globalization of General Electric

129

(18)

Wired Welch

147

(20)

The Dark Side of the Legacy

167

(22)

PART III THE FUTURE

189

(56)

The Meta-Corporation: General Electric after Welch

201

(22)

Welch after General Electric

223

(12)

Welch's Place in History

235

(10)

APPENDIXES

245

(32)

appendix a General Electric and Jack Welch: The Chronology

247

(8)

appendix b GE Values

255

(2)

appendix c the CERES Principles

257

(4)

appendix d General Electric Businesses

261

(14)

appendix e General Electric---Nineteen-Yar Performance Figures: 1980--1999

275

(2)

Notes

277

(20)

Index

297

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Welch : An American Icon

Summary

Author Biography

Table of Contents

Supplemental Materials