Jack Welch - Opinions

Opinions

Jack Welch identifies as a Republican. He is also a global warming skeptic. Yet he has said that every business must embrace green products and green ways of doing business, "whether you believe in global warming or not...because the world wants these products."

In an interview with the Financial Times on the Global financial crisis of 2008–2009, Welch said, β€œOn the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy... your main constituencies are your employees, your customers and your products.”

In Fall of 2012 the U.S. unemployment rate was announced to have dropped from 8.1% to 7.8%. In a response posted on Twitter immediately after the new statistics were released Welch wrote, "Unbelievable jobs numbers...these Chicago guys will do anything...can't debate so change numbers." In response to this comment Keith Hall, former BLS commissioner, said "to think that these numbers could be manipulated. ... It's impossible to do it and get away with it." Stephen Gandel of Fortune discussed in an article about Welch's tweet and his other comments about Obama and Romney that GE had lost 100,000 jobs while Welch was CEO and that, of the 97,000 later added after criticism of Welch, only 12,000 were in the US and the rest were overseas.

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