MANAGE AND LEAD
Jack Welch joined General Electric (GE) in 1960. He was employed as a junior chemical engineer on a salary of $10 500 per year. In 1961 he began to demonstrate the bold character he would later become famous for, when he tried to walk away from GE because he was unhappy with his suggested pay raise of just $1000 and the bureaucratic nature of the organisation. An executive of GE at the time, Reuben Gutoff, recognised the future potential of someone like Jack Welch and convinced him to stay, on the basis that Gutoff would help create the type of small business environment that Welch was convinced would be more productive for the company.
Twelve years later, Welch would write in his annual performance review that, even ...