Quotes of the day:
Most people hew the battlements of life from compromise, erecting their impregnable keeps from judicious submissions, fabricating their philosophical drawbridges from emotional retractions and scalding marauders in the boiling oil of sour grapes.
Jack Welch was the chairman and CEO of General Electric (GE) from 1981 – 2001. Welch expanded the company, leading it to a dramatically increased market value from $14 billion to $410 billion under his leadership. Welch had a reputation as one of the top CEOs of all time, and Fortune magazine dubbed him Manager of the Century in 1999. When Welch left the company, he was given a severance payment estimated at between $417-$420 million, which was the largest severance payment ever at the time. Welch died on March 1, 2020, at the age of 84 years old.