General Electric and Jack Welch

This episode will cover what happened to general electric since two thousand one, including the events that would create massive problems for the huge company. Jack welch's acquisition of a securities firm called kitter peabody and company was actually an even old company than general electric. A year after the acquisition, the global stock markets crashed on october nineteenth, 19 87,. The combination of events convinced welch that he had made an error in judgment acquiring kitter Peabody. But compared to g e, you couln say jack welch got off easy.