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WELCH, JACK with, BYRNE, JOHN A. Jack: Straight From The Gut
New York Warner Books, 2001 0446528382 / 9780446528382 First Edition Hard Cover Very Good in Very Good dust jacket
479 pages, 8 plates, cloth, dj, very good. 1st printing. From the dj: As CEO of General Electric for the past twenty years, he has built its market cap by more than $450 billion and established himself as the most admired business leader in the world. His championing of initiatives like Six Sigma quality, globalization, and e-business have helped define the modern corporation. At the same time, he's a gutsy boss who has forged a unique philosophy and an operating system that relies on a "boundaryless" sharing of ideas, an intense focus on people, and an informal, give-and-take style that makes bureaucracy the enemy. In anecdotal detail and with self-effacing humor, Jack Welch gives us the people (most notably his Irish mother) who shaped his life and the big hits and the big misses that characterized his career. From the Columbia Encyclopedia, Sixth Edition: Jack Welch, (John Francis Welch, Jr.), 1935-, American business executive, b. Salem, Mass., grad. Univ. of Massachusetts (1957); Univ. of Illinois (M.S., 1958; Ph.D., chemical engineering, 1960). He joined General Electric (GE) in 1960 and became vice president (1972) and then vice chairman (1979). In 1981 he became chairman and CEO of GE; at 45, he was the youngest person ever to have held that position. Under Welch, GE made a series of acquisitions, including RCA with its NBC television network in 1986, that resulted in its becoming the world's largest manufacturing, technology, and service company, with 1999 revenues of over $110 billion. Welch is credited with "reinventing" GE by encouraging decentralization in the organization, plus speed, simplicity, and self-confidence among management, but he was also known as "Neutron Jack" because of the number of employees that were fired or laid off during his tenure. He introduced the "Work Out" concept, a results-focused approach to problem solving. He retired in 2001.
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