At a time when most companies struggle to survive beyond a few years, the Welch premise that a company is in the business of making profits through sustained market leadership holds some validity.
It isn't just GE that is breaking itself up, Toshiba and Johnson & Johnson have also announced plans to split themselves
One problem for any successor is that Buffett, by dint of his long stewardship of Berkshire and the outperformance he has delivered over most of the past half century, has the freedom to make mistakes or underperform the stock market in ways that could cost other CEOs their jobs.
The countdown for the US presidential elections has already begun and in the second segment of our special series we are going to discuss, unemployment. The first one we discussed was housing. The biggest challenge gripping the American economy today is, unemployment.
The task of leadership is not to put greatness into people but elicit it for the greatness is there already says Scottish novelist and historian John Buchan.
V Raja tells Forbes India that by quitting when the going is good, he’s only applying former GE CEO Jack Welch’s philosophy to his personal life.