Welch can't take the heat: I quit
Source: Fortune
Welch can't take the heat: I quit
By Stephen Gandel, senior editor October 9, 2012: 12:43 PM ET
FORTUNE -- Jack Welch has left our building, metaphorically that is.
Welch said he will no longer contribute to Fortune following critical coverage of the former CEO of General Electric, saying he would get better "traction" elsewhere. On Friday, Welch suggested that the Obama administration, calling them "these Chicago guys," had manipulated the monthly jobs report in order to make the economy look better than it actually is just weeks before the election. Welch has been battered by criticism since making the suggestion on Twitter.
Monday morning on MSNBC's Morning Joe, Fortune managing editor Andy Serwer said there were a number of things wrong with Welch's tweet, the biggest of which was that the economy doesn't back up the former executive's claim that the numbers were faked.
"I think it's exactly the opposite of what Jack Welch is saying," Serwer said. "Things are actually improving."
Read more: http://finance.fortune.cnn.com/2012/10/09/jack-welch-quits/
byeya
(2,842 posts)charges the SEC lodged against the firm?
He's a fine one to talk.
JDPriestly
(57,936 posts)I noticed because I make that kind of mistake often. Sorry to be so rude.
duhneece
(4,113 posts)I've never seen such gentleness in correcting something like that. You made me smile.
AlbertCat
(17,505 posts)Really.... it's much more fun to be snarky doncha know!
Snark doesn't get on my nerve though, because everybody makes typos and flip flop mistakes. I once typed a whole paragraph using "pre-" when I meant "post-". A strange kind of prefix dyslexia!
byeya
(2,842 posts)I'll never be a proofreader, that's for sure.
patrice
(47,992 posts)Why might that be?
truthisfreedom
(23,148 posts)in the wrong direction. This conspiracy thing is completely without merit. They're just crybabies.
Myrina
(12,296 posts)... They want it to be a "buyers" market so they can continue to rake in profits and suppress wages/cut benefits... the more people un-or underemployed & desperate for work - ANY work - the better for the vulture capitalists ...
DollarBillHines
(1,922 posts)Call them on their bullshit, punch them in the mouth....
Whatever...
They go running to Mommy.
savannah43
(575 posts)"Screw you guys, I'm going home."
leftyohiolib
(5,917 posts)or world nut daily or the blaze or all of them.
meadowlark5
(2,795 posts)When I read that line I thought, he probably got a call from Roger Ailes over the weekend to be their resident jobs expert on Fox. He fits in nicely. Throws out accusations and conspiracies with not a shred of evidence. Perfect addition to the staff.
NYtoBush-Drop Dead
(490 posts)Welch, Bloomberg... With all their money can't they buy a better voice? Instead of a voice that sounds like the pig is getting slaughtered.
MADem
(135,425 posts)I must say, I love it when a hubris-laden asswipe of a wingnut gets his ass handed to him. It's so well deserved. He will not be missed, the silly old hate-filled fool.
Ed Suspicious
(8,879 posts)Now that President Obama just scored in their arbitrary little game, they cry foul?
GrantDem
(1,791 posts)Must have got a gig over at FOX.
AAO
(3,300 posts)leftynyc
(26,060 posts)What is it with all the pubs? All they do is bitch and whine when people don't bow down and believe their bullshit.
MindMover
(5,016 posts)[url=http://www.flickr.com/photos/41483660@N04/8071939876/][img][/img][/url]
[url=http://www.flickr.com/photos/41483660@N04/8071939876/]welch_bls_skaro[/url]
tclambert
(11,087 posts)Jack Welch was sort of a Dalek-type of executive. He exterminated a lot of jobs. Employment at GE went from 411,000 in 1980 to 299,000 at the end of 1985 (according to Wikipedia).
underthematrix
(5,811 posts)u can tweet his sorry ass @jack_welch
tclambert
(11,087 posts)He made it fashionable to lay off workers en masse and for corporate executives to not feel guilty about doing so. Prior to his example, executives felt it as a kind of failure if their workforce shrank.
The Neutron Jack nickname came from comparing his reign at GE to the enhanced radiation neutron bomb. He got rid of the people, but left the buildings standing.
HughBeaumont
(24,461 posts)Fuck this fascist gremlin. Little bastard's just angry that the economy isn't collapsing (which Jack and his enormous wealth would be shielded from) and Republicans aren't going to be in complete control like they were during Bewsh's first term. Neutron Jack set the tone for CEO economic terrorism in the early 1980s, firing anyone that couldn't be nailed down and offshoring the jobs to enhance major shareholders (and his own) coffers. He later had the unmitigated GALL to say that he "was helping those workers", reasoning that if he didn't, they'd be "complacent". Fucking clownshoe.