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William D. Cohan on the Rise and Fall of GE

Masters in Business

00:00

Jack Welch and Phil Mickelson

Bill Cohen met Jack Welch at the Nantucket Golf Club for lunch. The first thing out of Welch's mouth was that he had messed up his succession process. He felt by 2018, Jeff Imalt would have been fired and John Flannery be the new CEO. "At that moment, I kind of knew I was onto something," says Cohen.

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