3 December 2020 Jack Welch The productivity now at universities is terrible. Tenure is a terrible idea. It keeps them around forever and they don’t have to work hard.
3 December 2020 Jack Welch I actually think that the economy has got some positives. It’s got the market. It’s got consumer confidence and it’s got banks throwing – I mean central bankers throwing money at it around the world.
3 December 2020 Jack Welch Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business.
3 December 2020 Jack Welch If GE’s strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.
3 December 2020 Jack Welch Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.
3 December 2020 Jack Welch Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.
3 December 2020 Jack Welch An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.
3 December 2020 Jack Welch Number one, cash is king… number two, communicate… number three, buy or bury the competition.
3 December 2020 Jack Welch If you don’t have public hangings for bad culture in a company, if you don’t take people out and let them say, they went home to spend more time with the family. It’s crazy.
