Jack Welch

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One of the Most Prominent American CEOs Is Dead
One of the Most Prominent
American CEOs Is Dead

One of the Most Prominent American CEOs Is Dead

Jack Welch, formerly of General Electric, was 84

(Newser) - Jack Welch, the former CEO of General Electric, has died at age 84, reports CNBC . The outlet notes that Welch oversaw an expansion at GE that saw its market value rise from $12 billion to $410 billion in the two decades he led the company. But along the way, he...

Gallup Thinks Unemployment Is Falling, Too

Its numbers are even better than the government's

(Newser) - Nobody tell Jack Welch . Gallup is out with unemployment numbers lending credence to the official government figures. In fact, Gallup's numbers are even stronger: It puts unemployment at 7.3% in mid-October, down from 7.9% in September and the lowest since Gallup began daily tracking in January 2010....

'Mystery State' Behind Plunging Jobless Claims

Apparent snafu, probably by California, leads to 4-year low

(Newser) - Jobless claims plunged to 339,000 this week, putting them at a four-and-a-half-year low and drastically lower than the 370,000 economists expected, the Labor Department announced today. But there was a fly in the ointment. A department spokesperson said that one large state accounted for a large portion of...

Jack Welch Defends Jobs Conspiracy Theory

Compares backlash to 'Soviet Russia'

(Newser) - Jack Welch took to the Wall Street Journal 's op-ed page today to double down on his assertion that the Bureau of Labor Statistic's latest unemployment numbers look too good to be true. The ex-GE CEO's accusation drew a massive backlash , which he says seemed like something...

Team Obama: Mitt's Debate 'Masterful,' 'Dishonest'

Plus, more debate over Jack Welch

(Newser) - Team Obama was busily spinning Wednesday's debate today, with Robert Gibbs in one breath calling Mitt Romney's performance "masterful, masterful," and in the next slamming it as just that: a "performance" that was at best "fundamentally dishonest," reports Politico . "He did a...

Jack Welch: I Should Have Put Question Mark on Tweet

But he still thinks jobs numbers are fishy

(Newser) - Former GE chief Jack Welch became the face of the latest trutherism movement yesterday when he tweeted that the new jobs numbers were too good to be true—"these Chicago guys will do anything..can’t debate so change numbers," it read. He said on CNN last night...

Ex-GE Boss: Obama Must Be Tweaking Jobs Figures

Slew of tweets jump in on conspiracy theory

(Newser) - And a new conspiracy theory is born. The only explanation for the latest jobs data is that President Obama has been meddling with the numbers, says former GE CEO Jack Welch. "Unbelievable jobs numbers," he tweeted. "These Chicago guys will do anything... can't debate so change...

Mitt's Right: Corporations Are People
 Mitt's Right: 
 Are People 

Mitt's Right: Corporations Are People

And without them, America falls apart: Jack and Suzy Welch

(Newser) - Mitt Romney was derided by many when he claimed that "corporations are people," but he was right, write former General Electric CEO Jack Welch and his wife Suzy in the Wall Street Journal . After all, it's people—not buildings—who hire people, invent new technologies, discover medical...

Sarah Palin Hosts First Fox Show Thursday

Guests include LL Cool J, Toby Keith, and Jack Welch

(Newser) - Sarah Palin begins her career as broadcast interviewer Thursday night on Fox when she hosts the premiere of a new series, Real American Stories. She's got an eclectic lineup of guests to work with: Toby Keith, LL Cool J, and GE's Jack Welch, among others. The show airs at 10pm...

GE CEO Parries Critics —Including Predecessor

Despite missing earnings forecasts, Immelt says he'll stay the course

(Newser) - General Electric CEO Jeffrey Immelt faced the music yesterday, as his predecessor, Jack Welch, raked him over the coals on his own cable TV network for missing first-quarter earnings forecasts. Immelt admitted GE “let people down” in downgrading its outlook for 2008, the Wall Street Journal reports. But he...

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