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In anecdotal detail and with self-effacing humor, Jack Welch gives us the people who shaped his life (most notably his mother) and the big hits and the big misses that characterized his career. Starting at GE in 1960 as an engineer earning $10,500, Jack learned the need for "getting out of the pile" when his first raise was the same as everyone else's. He stayed out of the corporate bureaucracy while running a $2 billion collection of GE businesses - in a sweater and blue jeans - out of a Hilton in Pittsfield, Massachusetts.
After avoiding GE's Fairfield, Connecticut headquarters for years, Jack was eventually summoned by then-Chairman Reg Jones, who was planning his succession. There ensued one of the most painful parts of his career - Jack's dark-horse struggle, filled with political tension, to make it to the CEO's chair. A hug from Reg confirmed Jack was the new boss - and started the GE transformation. The riveting story of his last year - the elaborate process of selecting a successor and the attempt to buy Honeywell - is also told in compelling detail.
This is classic Jack Welch: down to earth, powerful, and filled with common sense.
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"Jack" offers a wonderful insight into the life of a CEO.
This book not only provides practical descriptions of how some of GE's great improvement programmes (six sigma, boundaryless behaviour, globalisation) were conceptualised and implemented but also outlines the amazing career of a young man from Irish immigrant parents to arguably one of the worlds' most succesful CEOs.
His frank and candid admissions of the mistakes he made throughout his long career (blowing up a factory, arrogance, hiring the wrong guy) not only represent a refreshing departure from the norm, but are also used to explain much of his later behaviour and success.
I would highly recommend this to anyone looking skywards to that CEO spot.
And if you, like me, have a degree in business, order this book now. Never before have management tools and ideas been presented to you with such logics and candid hindsight realisation. Jack Welch's 20 years as CEO and Chairman of The General Electric Company, the biggest corporation in the world, proves that his ideas and leadership made the difference!
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