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He retired in 2001, and GE matched or outperformed the S&P 500 until 2017: https://seekingalpha.com/article/4141020-ge-true-value-stock https://seekingalpha.com
by avar 3y ago
He retired in 2001, and GE matched or outperformed the S&P 500 until 2017: https://seekingalpha.com/article/4141020-ge-true-value-stock https://seekingalpha.com/article/4141020-ge-true-value-stock
They had a relatively larger fall from grace in the recession than the rest of the index.
In any case, even if he was a terrible executive what does that have to do with whether he was correct about general trends in the nuclear industry?
- jasonwatkinspdx 3y agoJack himself said he should be judged by where the company was 10 years after he left. That comment did not age well. I'm saying he had a larger agenda at the time that comment was made, one that had him divesting not just from nuclear but many other of GE's historic heavy industry and power related business lines.
- robertlagrant 3y ago> Jack himself said he should be judged by where the company was 10 years after he left. That comment did not age well. How so? Don't you agree with it?
- jasonwatkinspdx 3y agoHis bets proved to be bad bets long term. They looked good initially because he was riding the real estate bubble.
- robertlagrant 3y agoBut you disagree that he should be judged on that?
- bobthepanda 3y agoThe implication when a comment is made like that about one's self is that it should be a positive reflection. Most people are not asking people to berate them.
- cinntaile 3y agoAfter he left the stock outperformed for 16 years, in my book that qualifies as aging well. What is your metric?
- Hikikomori 3y agohttps://www.amazon.com/Man-Who-Broke-Capitalism-America_and/dp/198217644X https://www.amazon.com/Man-Who-Broke-Capitalism-America_and/...
- theultdev 3y agoYour metric is a link to a biased book with nothing you wanted to quote?
- Hikikomori 3y agoNo you are right. Stock prices of companies is the most important metric for how well society works.
- bumby 3y agoWelch actually said 20 years. And when confronted about that performance he refuses to discuss it. That should tell you something. DUBNER: Let me ask you this: in 1999, not long before you retired from G.E., you said that your ultimate success would be determined by how well your successor grows the company over the next 20 years. When you said that, G.E.’s market cap was up north of $450 billion. Now it’s almost 20 years later, it’s just north of $200 billion. So talk to me about that. I know that you — WELCH: I don’t talk about that. Now maybe Welch doesn't want to seem like he's bad-mouthing the performance of those who came after him, but he does have at least some responsibility for ensuring a good continuity of leadership. https://freakonomics.com/podcast/extra-jack-welch-full-interview/ https://freakonomics.com/podcast/extra-jack-welch-full-inter...