All corporate sector r going deep they r not growing just because of not focus on there aim.. now time to come for John F Welch RULE who has commanded over GE superb.. JACK RULE Each year, Welch would fire the bottom 10% of his managers. He earned a reputation for brutal candor in his meetings with executives. He would push his managers to perform, but he would reward those in the top 20% with bonuses and stock options. He also expanded the broadness of the stock options program at GE from just top executives to nearly one third of all employees. Welch is also known for destroying the nine-layer management hierarchy and bringing a sense of informality to the company.
RE:John F Welch rule
by ian on May 01, 2008 11:31 AM Permalink
1980, the year before Welch became CEO, GE recorded revenues of roughly $26.8 billion When Jack Welch left GE, the company had gone from a market value of $14 billion to one of more than $410 billion at the end of 2004
