From the archives: Jack Welch on 60 Minutes

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.

[@davidskalski7751]

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]

This aged well...

[@I_dont_want_an_at]

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

[@jeromedavis8575]

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

[@chipbuttytime3396]

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

[@seana806]

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]

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

[@alex47_in_downtown18]

Why so

[@Chertoff88]

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

[@jimmimurphy5662]

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]

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]

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.

[@jeffreywilliams5093]

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!

[@peaceseeker9927]

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.

[@Kylefassbinderful]

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

[@flash521]

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]

agree 100%

[@2aa22a]

GE appliance is now a chinese company

[@jimlambrick3248]

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]

So what? That's actually brilliant.

[@Astrobucks2]

So what? That's actually brilliant.

[@jimlambrick3248]

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

[@musiczkl98]

@@jimlambrick3248 what did hey say that is wrong

[@jimlambrick3248]

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

[@I_dont_want_an_at]

a rich guy who enjoys golf! Highly irregular!

[@I_dont_want_an_at]

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

[@caspianhall]

Where are you from?

[@DrHydro-mq7sw]

Der Mann hat in seinem Leben sehr viel Schaden angerichtet.

[@I_dont_want_an_at]

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

[@imbossentertainer6219]

Great

[@MrDuds1984]

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

[@muralisr2863]

I love him.from Mysore.

[@mohammediqbal2406]

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

[@coreyburns7744]

Nice!!!!👍

[@ricardogolia4148]

Unce said somthing the man

[@sanjitnair85]

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

[@rawbacon]

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]

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

[@blockyralboa]

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

[@mjberends8510]

And now in 2024, GE has been split apart

[@jack8n]

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

[@sharabhshukla7918]

Do you stay under a rock

[@ronwhiteleo3352]

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

[@HateTheIRS]

?

[@I_dont_want_an_at]

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

[@donniemoder1466]

Typical youtube commentator.

[@liminal6823]

The man who sold the world.

[@eakherenow]

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.

[@I_dont_want_an_at]

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

[@rumplemcfrankenberg]

what a beast

[@robertw9677]

Amazing guy may he rest in peace

[@TV-sn6sl]

IMPORTANT 😊😊😊😊💛💛💛💛💛

[@jennyone8829]

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

[@georgeharding7949]

i am getting sick

[@lenering1084]

Welch was a sociopath

[@ninomojo]

kzbin.info/www/bejne/j4vZaKqZbLqGh6c&pp=ygUeYmVoaW5kIHRoZSBiYXN0YXJkcyBqYWNrIHdlbGNo

[@T3hTroll]

I’m curious if he knew about redlining

[@aananhenderson2689]

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]

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

[@I_dont_want_an_at]

psychopath!

[@gopivdather]

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

[@ninomojo]

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 kzbin.info/www/bejne/j4vZaKqZbLqGh6c&pp=ygUeYmVoaW5kIHRoZSBiYXN0YXJkcyBqYWNrIHdlbGNo

[@Sarah-kq3tr]

Jesus Leslie Stahl is such a push over.

[@michaeldennistooley4271]

Rest in peace too our brother ☮️

[@caspianhall]

Brother? 😂

[@michaeldennistooley4271]

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

[@caspianhall]

@@michaeldennistooley4271 lol where are you from?

[@michaeldennistooley4271]

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

[@raymondcaylor6292]

9 days before 9/11

[@billparsons7765]

Not a role model.

[@TheYung209]

That's how you change a culture.

[@chaitanyakirti9076]

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

[@caspianhall]

Seriously? If so, great.

[@sharabhshukla7918]

what are you selling accounting fraud ?

[@digitalcommunist6335]

@@sharabhshukla7918😂😂😂😂😂

[@bensoncortes7021]

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

[@quranfans]

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.”

[@jeffreyrichardson]

cwmars michael welch juniors choice cars dougs poor house tax jars

[@NYLFR]

How far GE has fallen

[@SOULRELIEF22]

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]

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

[@Test-su8me]

❌👎❌👎

[@javierdanielmoreteau8522]

ELECTRIC GENERAL

[@PandaArmy-fy5zh]

lies

[@alexismarquez3674]

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

[@link2442]

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

[@I_dont_want_an_at]

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

[@caspianhall]

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

[@I_dont_want_an_at]

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.

[@I_dont_want_an_at]

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

[@koviyovas8325]

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

[@alex47_in_downtown18]

Grow up