From the archives: Jack Welch on 60 Minutes

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  • เผยแพร่เมื่อ 1 มี.ค. 2020
  • On the eve of his retirement in 2001, the former CEO of G.E. spoke with Lesley Stahl about turning his company around, embracing the internet, and the reputation that earned him the nickname “Neutron Jack.” Welch died Monday.
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    "60 Minutes," the most successful television broadcast in history. Offering hard-hitting investigative reports, interviews, feature segments and profiles of people in the news, the broadcast began in 1968 and is still a hit, over 50 seasons later, regularly making Nielsen's Top 10. "60 Minutes" has won more Emmy Awards than any other primetime broadcast, including a special Lifetime Achievement Emmy. It has also won every major broadcast journalism award over its tenure, including 24 Peabody and 18 DuPont Columbia University awards for excellence in television broadcasting. Other distinguished awards won multiple times include the George Polk, RTNDA Edward R. Murrow, Investigative Reporters and Editors, RFK Journalism, Sigma Delta Chi and Gerald Loeb Awards for Distinguished Business and Financial Reporting. "60 Minutes" premiered on CBS Sept. 24, 1968. The correspondents and contributors of "60 Minutes" are Bill Whitaker, Steve Kroft, Scott Pelley, Lesley Stahl, Anderson Cooper, Sharyn Alfonsi, Jon Wertheim and Norah O'Donnell. "60 Minutes" airs Sundays at 7 p.m. ET/PT. Check your local listings.

ความคิดเห็น • 119

  • @davidskalski7751
    @davidskalski7751 ปีที่แล้ว +21

    So Jack Welsh stop producing household goods and got into media and weapons and financial services.
    The other takeaway is that there will always be a bottom 10% to fire so he created a toxic work environment where people are always job insecure and paid as little as possible to benefit the shareholder.

  • @RedGoobler
    @RedGoobler ปีที่แล้ว +13

    This aged well...

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว +14

    back when the internet was still something you could kind of ignore

  • @jeromedavis8575
    @jeromedavis8575 3 หลายเดือนก่อน +5

    Jack Welch is the reason why GE filter-flo washers were killed.

  • @jimmimurphy5662
    @jimmimurphy5662 3 ปีที่แล้ว +5

    I love the Gin Rummy game with your Mom story! I also would come home from grade school and some times invite a friend school and play Rummy with my Mom and Grand Mother. The funny thing is my Grand mother would make Welsh Rarebit and we would get a shot of beer that was leftover when she was done cooking!
    I would always shoot for going out calling Rummy using a poker face! I wish I could have had my kids come home at lunch to play with my Mom and Wife but they made the school a closed campus. Need to say we still live in the same house I was born in and my kids and I went to the same grade school.

  • @TheNighthawk00
    @TheNighthawk00 3 ปีที่แล้ว +18

    Notice how he is talking with absolute confidence, doesn't use arguments but uses strong words to convince and when asked something tricky he brushes it off again with words and not arguments.
    I don't know if this interview is a truthful representation of the man. Maybe someone can clear this up for me.

    • @donniemoder1466
      @donniemoder1466 ปีที่แล้ว +9

      He reminds me of Jim Cramer - talented, a great communicator, but a lot of bs underneath it all. A lot of smoke and mirrors in the financing. He says so little in this story. I like the meritocracy theory but I am not so sure his workers were fired based on how well they worked. His wife, now ex-wife, divorced him at the best time to get the highest settlement. Well done.

  • @jimlambrick3248
    @jimlambrick3248 4 ปีที่แล้ว +34

    He wanted to build a factory on a barge so he could float it to wherever the labor was cheapest. What a prince of a guy.

    • @Astrobucks2
      @Astrobucks2 ปีที่แล้ว +2

      So what? That's actually brilliant.

    • @Astrobucks2
      @Astrobucks2 ปีที่แล้ว

      So what? That's actually brilliant.

    • @jimlambrick3248
      @jimlambrick3248 ปีที่แล้ว +7

      @@Astrobucks2 Sounds like you're a prince of a guy too.

    • @musiczkl98
      @musiczkl98 ปีที่แล้ว +1

      @@jimlambrick3248 what did hey say that is wrong

    • @jimlambrick3248
      @jimlambrick3248 ปีที่แล้ว

      @@musiczkl98 Capitalism at its finest. Keep the laborers desperate.

  • @jeffreywilliams5093
    @jeffreywilliams5093 ปีที่แล้ว +8

    Jane Beasley, Jack's second wife, is part of this report. Let's not forget Jack cheated on Jane and she divorced him, winning $180 million in her divorce settlement. Way to go, Jane!

  • @Kylefassbinderful
    @Kylefassbinderful 4 ปีที่แล้ว +11

    9/11 was just 9 days later. This was the Sunday episode (no duh) just before my first day of high school.

  • @Chertoff88
    @Chertoff88 6 หลายเดือนก่อน +5

    Neutron Jack one of the most evil men in history. Treated his employees horribly, fired whole floors of people so he could buy a new yacht. Destroyed the Hudson River, admitted to cooking the books by billions of dollars. OSHA exists because of him

  • @chipbuttytime3396
    @chipbuttytime3396 2 ปีที่แล้ว +15

    I wouldn't last 5 minutes with a boss like him, he is a tyrant

    • @seana806
      @seana806 หลายเดือนก่อน

      Supposedly he’d yell at people if he didn’t get his way or you didn’t do exactly to fit his agenda. If I had a boss like that, he’d for sure get knocked out, I don’t put up with disrespect for anyone.

    • @fastbreakr
      @fastbreakr หลายเดือนก่อน

      Probably not. You’re softer than baby doo doo 💩. Spineless

    • @alex47_in_downtown18
      @alex47_in_downtown18 8 วันที่ผ่านมา

      Why so

  • @peaceseeker9927
    @peaceseeker9927 ปีที่แล้ว +12

    David Gelles wrote an excellent book explaining the destruction Jack Welsh leveled on capitalism in America. Given the outcomes in recent years, he was a failure by his own standards.

  • @DrHydro-mq7sw
    @DrHydro-mq7sw 3 หลายเดือนก่อน +2

    Der Mann hat in seinem Leben sehr viel Schaden angerichtet.

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว +5

    a rich guy who enjoys golf! Highly irregular!

  • @muralisr2863
    @muralisr2863 4 ปีที่แล้ว +3

    I love him.from Mysore.

  • @flash521
    @flash521 4 ปีที่แล้ว +16

    GE - I once believed in Jack Welch about making GE products to an excellent standard; six sigma. Since then I have owned GE products. Microwave died in two years, hardly used. GE refrigerator, among the most expensive and has broke down more often than any refrigerator we have ever owned. GE service lousy. I applaud their dishwasher. Wow - reality met the false embellishments of Jack Welch. I will never buy another GE product again. If a GE product works now I say Geeeeeee - amazing. Very convincing man that doesn’t match his message.

    • @robertbates6249
      @robertbates6249 4 ปีที่แล้ว +1

      agree 100%

    • @2aa22a
      @2aa22a ปีที่แล้ว +1

      GE appliance is now a chinese company

  • @imbossentertainer6219
    @imbossentertainer6219 3 ปีที่แล้ว

    Great

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว +1

    in the future, we feel sorry for these prehistoric business times. Before you had a properly integrated smart economy

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว +3

    Americans are so god damned American, it's incredible!

    • @caspianhall
      @caspianhall ปีที่แล้ว

      Where are you from?

  • @coreyburns7744
    @coreyburns7744 2 ปีที่แล้ว +1

    Nice!!!!👍

  • @rawbacon
    @rawbacon 4 ปีที่แล้ว +15

    GE is over a hundred years old and still one of the countries biggest corporations, also one of the original Dow Jones offerings. The world changes, not many companies still around after a hundred years.

    • @jcollins1305
      @jcollins1305 ปีที่แล้ว +13

      GE is a shell of its former self! Completely gutted by Welch.

    • @blockyralboa
      @blockyralboa 5 หลายเดือนก่อน

      Not many humans are either and when they are (Trump, Biden) they’re bad at it

    • @mjberends8510
      @mjberends8510 2 หลายเดือนก่อน +1

      And now in 2024, GE has been split apart

    • @jack8n
      @jack8n 2 หลายเดือนก่อน +3

      GE was already off the DOW by the time you made this comment

    • @sharabhshukla7918
      @sharabhshukla7918 หลายเดือนก่อน

      Do you stay under a rock

  • @MrDuds1984
    @MrDuds1984 5 หลายเดือนก่อน

    Talk about timing for Welch to step down as CEO, 9/11 was days later

  • @liminal6823
    @liminal6823 2 วันที่ผ่านมา

    The man who sold the world.

  • @ricardogolia4148
    @ricardogolia4148 2 หลายเดือนก่อน

    Unce said somthing the man

  • @gopivdather
    @gopivdather 4 ปีที่แล้ว

    RIP!
    Came to know about you today!!
    I felt like missing one of crazy person!!

    • @ninomojo
      @ninomojo 11 หลายเดือนก่อน

      So crazy he's one of the all time villains of the corporate world, who actively changed life for worse for everyone, and did irreparable damage th-cam.com/video/YZv7wc7USQE/w-d-xo.html&pp=ygUeYmVoaW5kIHRoZSBiYXN0YXJkcyBqYWNrIHdlbGNo

  • @rumplemcfrankenberg
    @rumplemcfrankenberg 3 ปีที่แล้ว +2

    what a beast

  • @mohammediqbal2406
    @mohammediqbal2406 3 หลายเดือนก่อน +2

    RIP May be you have taken all the money with you which you earned by firing others job.

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว +5

    typical rich American business leader. dime a dozen. They're all carbon copies of each other

  • @robertw9677
    @robertw9677 4 ปีที่แล้ว +14

    Amazing guy may he rest in peace

  • @jennyone8829
    @jennyone8829 2 ปีที่แล้ว +5

    You are Magic!! Mr. Welch... I am fascinated by your reflections of your Mother. Thank you for existing 🌈🚀🎶

    • @georgeharding7949
      @georgeharding7949 2 ปีที่แล้ว +5

      i am getting sick

    • @lenering1084
      @lenering1084 2 ปีที่แล้ว

      Welch was a sociopath

    • @ninomojo
      @ninomojo 11 หลายเดือนก่อน

      th-cam.com/video/YZv7wc7USQE/w-d-xo.html&pp=ygUeYmVoaW5kIHRoZSBiYXN0YXJkcyBqYWNrIHdlbGNo

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว +2

    If general electric ceases to exist, it won't matter in the slightest

  • @michaeldennistooley4271
    @michaeldennistooley4271 4 ปีที่แล้ว +4

    Rest in peace too our brother ☮️

    • @caspianhall
      @caspianhall ปีที่แล้ว +2

      Brother? 😂

    • @michaeldennistooley4271
      @michaeldennistooley4271 ปีที่แล้ว

      @@caspianhall of course what would you suggest calling him ?

    • @caspianhall
      @caspianhall ปีที่แล้ว +2

      @@michaeldennistooley4271 lol where are you from?

    • @michaeldennistooley4271
      @michaeldennistooley4271 ปีที่แล้ว

      @@caspianhall I hope you have a blessed day my friend ✌️ 🕯️

  • @chaitanyakirti9076
    @chaitanyakirti9076 2 ปีที่แล้ว +4

    doing an MBA from Jack Welch helped me alot in my startup running in India.

    • @caspianhall
      @caspianhall ปีที่แล้ว +1

      Seriously? If so, great.

    • @sharabhshukla7918
      @sharabhshukla7918 หลายเดือนก่อน +1

      what are you selling accounting fraud ?

    • @digitalcommunist6335
      @digitalcommunist6335 หลายเดือนก่อน

      @@sharabhshukla7918😂😂😂😂😂

  • @ronwhiteleo3352
    @ronwhiteleo3352 4 ปีที่แล้ว +7

    The guy is probably bleeding GE from the GRAVE!!! maybe now GE can pay its bills.. GOOD RIDDANCE!!!

  • @eakherenow
    @eakherenow 2 หลายเดือนก่อน

    This is no ordinary sociopath,this is a man/monster who destroyed so many companies with his drive to reduce his mission to profit.Laughing with him,smiling at his actions is disgusting.

  • @TV-sn6sl
    @TV-sn6sl 3 ปีที่แล้ว

    IMPORTANT 😊😊😊😊💛💛💛💛💛

  • @sanjitnair85
    @sanjitnair85 4 ปีที่แล้ว +9

    GE's golden era ? Rather Jack's golden era. He was making money. Heights of selfishness...

  • @T3hTroll
    @T3hTroll 4 ปีที่แล้ว

    I’m curious if he knew about redlining

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว +1

    they're not that generally electric. they don't even like electric cars, which are wickedly electric, and fairly good generals too

  • @aananhenderson2689
    @aananhenderson2689 3 ปีที่แล้ว +1

    3 years after this she caught him with his next wife ;) she got $180 million in the divorce tho so not bad

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว +3

    psychopath!

  • @raymondcaylor6292
    @raymondcaylor6292 3 ปีที่แล้ว +1

    9 days before 9/11

  • @TheYung209
    @TheYung209 ปีที่แล้ว

    That's how you change a culture.

  • @Sarah-kq3tr
    @Sarah-kq3tr 10 หลายเดือนก่อน

    Jesus Leslie Stahl is such a push over.

  • @quranfans
    @quranfans 26 วันที่ผ่านมา

    The Messenger of Allah, peace and blessings be upon him, said upon mention of the inhabitants of Hellfire: “It is everyone cruel, haughty, arrogant, a hoarder of possessions, and a withholder of good.”

  • @billparsons7765
    @billparsons7765 4 ปีที่แล้ว +17

    Not a role model.

  • @NYLFR
    @NYLFR 4 ปีที่แล้ว +1

    How far GE has fallen

  • @SOULRELIEF22
    @SOULRELIEF22 4 หลายเดือนก่อน

    St John 3:16! ❤
    He gave it to charity, like insurance for HEAVEN?
    "Not by works of righteousness which we have done, but according to His mercy He saved us, by the washing of regeneration, and renewing of the Holy Ghost;"
    Titus 3:5!
    A personal relationship with JESUS is what matters for ETERNITY!
    He would have been GREAT material for an evangelist. His mom should have trained him up in the way he should go, because SOULS LIVE FOREVER!

    • @SOULRELIEF22
      @SOULRELIEF22 4 หลายเดือนก่อน

      "Train up a child in the way he should go: and when he is old, he will not depart from it."
      Proverbs 22:6!

  • @bensoncortes7021
    @bensoncortes7021 2 หลายเดือนก่อน

    A tyrant..Shareholder value over customer, employees & products..people are just numbers on the spreadsheet.. layoff to balance

  • @jeffreyrichardson
    @jeffreyrichardson ปีที่แล้ว

    cwmars
    michael welch juniors choice cars
    dougs poor house tax jars

  • @javierdanielmoreteau8522
    @javierdanielmoreteau8522 ปีที่แล้ว

    ELECTRIC GENERAL

  • @Test-su8me
    @Test-su8me ปีที่แล้ว +1

    ❌👎❌👎

  • @PandaArmy-fy5zh
    @PandaArmy-fy5zh 4 ปีที่แล้ว +2

    lies

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว

    When you sack someone, they don't die. Usually. Usually they work somewhere else. Unless they're old dogs

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว +1

    He never fought for his country on the battlefield, so he is not wonderful

    • @caspianhall
      @caspianhall ปีที่แล้ว +1

      War is a racket go read that by general smedley butler maybe you’ll learn something

  • @alexismarquez3674
    @alexismarquez3674 2 ปีที่แล้ว +1

    STRATEGY IS FIRST TRYING TO UNDERSTAND WHERE YOU SIT IN TODAY'S WORLD. - JACK WELCH

    • @link2442
      @link2442 2 ปีที่แล้ว +2

      _"Public corporations owe their alliance to their primary alliance to stockholders, not employees "_
      - Jack Welch -

  • @I_dont_want_an_at
    @I_dont_want_an_at 2 ปีที่แล้ว

    toasters are such old news. Cause the Chinese are making perfectly adequate toasters for a fraction of your price! Why? Because of the superiority of both Han Chinese Genes, and the globe smashing superiority of Communist Wisdom and Confucian and Buddhist Genius. That's the word of God right there.

  • @koviyovas8325
    @koviyovas8325 9 หลายเดือนก่อน +3

    jack welch destroyed corporate america, along with steve jobs, jeff bezos and elon musk ........
    .
    ......................................