General Electric And Jack Welch
GE'S Two-Decade Transformation: Jack Welch's Leadership
Jack Welch finally seemed happy at General Electric's Annual Meeting in March 1999. Their operating margins were at an all-time high at 16.7% and their revenue exceeded $100 billion. The Financial Times named General Electric two years in a row the "Most Respected Company in the World." For any company this is a huge accomplishment and a great recognition. The Fortune poll voted them the country's "Most Admired Company." The shareholders were somewhat concerned about Welch's rumored retirement at the end of the year 2000. No one was sure if anyone would take Welch's place and keep the financial growth that occurred during Welch's era as leader for General Electric.
Thomas Edison founded General Electric in 1878. The company's early focus was on the generation, distribution, and use of electrical power to become one of the world's biggest industrial companies. It would take them one hundred years to accomplish......
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