I worked for GE during the “halcyon” days of Jack Welch. There were many things to recommend GE in those days, but Jack Welch was not one of them. Today, many people remember Jack Welch as a virtual business messiah.
The guy turned massive profits and was (and is) the darling of Wall Street, but it seems a lot of people have forgotten a lot of things about Jack…one of them being he could also be the most flamboyantly dumb man ever. He returns to that glory with his birther-like charges of Obama fiddling jobs numbers a month from the election.
His baseless charges are his Harry Reid, “Romney never paid taxes” moment – all huff with no puff. At their heart, the charges are more of an attack on Obama’s integrity than anything to do with the jobs numbers and they contain not a smidge of proof. It’s laughable that a man with less integrity than Donald Trump would make such claims. Let’s review some of Jack’s suspect history of integrity:
- Jack Welch sold the electronics division, but waited until the next morning to call the division president in to let him know.
- At a time when the company was stressing loyalty to GE employees, Welch said loyalty to a company was an outmoded concept. He denied saying it, despite dozens of witnesses.
- His nickname was “Neutron” Jack because of his penchant for “killing” employees by offshoring their jobs but leaving the factory buildings intact – much like a neutron bomb would. In fact, forget Bain. He was one of the pioneers in offshoring while touting the superior abilities of American workers.
- Under his “leadership”, GE created several new Superfund sites and refused to clean up old ones. One requires dredging the entire Hudson river downstream of a GE plant to remove contaminated river bottom. The work still isn’t done.
- The company regularly faced fines for financial “irregularities” like teaming with diamond company DeBeers to fix prices and corner the industrial diamond market using GE’s artificial diamond business. They sewed up 90% between them.
- Jack fell “victim” to what was then the world’s largest divorce settlement. His wife found an affair with a mistress he kept in a very expensive Manhattan apartment to take “Little Jack” for a few sprints around the bedpost.
The list goes on. He has a long history of stretching or downright lying in his past – many of them with solid proof.
Although it too often comes from both sides of the aisle, these charges, without proof, about something so critical to the nation doesn’t speak well for his integrity. Just ask his boys Mitt and Paul, both of whom rarely meet a truth they could tell. I don’t know whether Jack is right or wrong on this count, but I doubt it. I certainly wouldn’t admit I had no proof and then refuse to take my charges back the next day and I’m not doing that here. It’s a long-shot, but Jack may be right – I don’t know and neither does he. But if Obama truly fudged the numbers, why stop at a few tenths of a percent? Why not lop off a lot? Why make the charges if you can’t back them up?
If you choose to listen to a messiah, listen with some context. Messiahs don’t always tell the truth. Sometimes they don’t even know the truth. Here’s another provable fact. Jack Welch was once named one of the Top 10 CEOs in the nation not worth the money paid to them.
Some messiah.
Cross posted at The Omnipotent Poobah Speaks! More than politics, more than pop culture & humor.




15 Comments

dick
Great post. Front paged at 4pm ET.
Very nicely stated (operative word being nice) since I’m sure you must have been tempted to go the other way. Hopefully he won’t tweet anymore.
I know some very honest people from Wisconsin. It’s has taken 50-60 years for the fine people of Wisocnsin to live down Sen Joe McCarthy’s smears and lies.
Now comes along a whole bunch of liers from Wisconsin which may take the same amount of time to cleanse from the spotlight. Ya got:
Lying “Marathon Man” Ryan.
“Every other word is garbage” Reice Priebuse.
“union buster” Scott Walker.
With this threesome it may take more time than McCarthy to clean up the state’s image.
Under Jack Welch, GE was cooking the books and had to settle fraud charges with the SEC. Why anyone would give him airtime is beyond me…….
I think you’re being kind.
Big-time criminals become celebs in the USA; it’s the American way.
Personally, if I were making a list of his crimes I’d start with nuclear reactors, nuclear weapons, military aviation, and other weapons. They bring really good things to death, too.
He’s also the guy who said if it were up to him, factories would be on barges, and he would tow them to the country with the best environment (low wages, no regulations).
Asshole.
Yes. Japan has many GE nuclear reactors which the people of Japan will pay the risk price and GE got all the short term $$.
married his secretary…getting really, really old, looks awful. think he’s losing it…his marbles…couldn’t happen to a nicer guy.
Actually, Welch is an expert on manipulating numbers. GE was fined millions of dollars by the SEC for manipulating their earnings every quarter, during his tenure as CEO.
If Obama truly fudged the numbers, why stop at a few tenths of a percent? Why not lop off a lot?
First of all, Obama’s pathetic work performance over last four years is a proof that the man does not have balls or brain to fudge the numbers or do anything gutsy. The bravest thing he has ever done is when he called banksters “Fat cats.”
Therefore, the firm conclusion is Jack Welch = JACK ASS.
That is rich coming from Jack Welch – the guy who almost perfect earning manipulations so that GE beat quarterly estimates for how many years in a row? The fact that the MSM takes him seriously shows how lame they are.
As they say figures don’t lie but lairs surely figure!
I am in complete agreement on this post. Welch, unnecessarily, put his credibility on the line and tarnished it.
He didn’t need to. The jobs numbers were accurate. And, showed the drop due to a bunch of part time workers getting jobs and more people leaving the workforce.
114,000 jobs in past reports were ALWAYS cited by analysts as too inadequate to do anything to reduce unemployment–not even keeping up with population growth.
So, the numbers were right, but his basic point, that the drop form 8.1 to 7.8% was not giving a true picture of employment in the US, was correct.
He could have saved his reputation and not resorted to something that wasn’t needed to make the point.
Jack welch is still alive?? Too bad. IMO Welch is less relevant than The Donald. Why pay any attention to him?? Lame stream media must be having a slow day to scrape so low to dig out this non-story. Bah humbug.