Was Jack Welch really an exceptional CEO?

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Seems like an heretical question, but it is serious. There is no doubt that he did a great job increasing the value of GE for its shareholders. However, he is also credited with creating a highly vaunted management program that produced outstanding leaders. If that is true, why is it that none of his direct reports has been a successful CEO?

One of the jobs of the CEO is to make sure there is a highly competent successor. Under the GE system, one was led to believe that there could have been more than one. In truth, the one selected has not proven to be a successful CEO for GE, and those who were passed over and went to other companies as CEOs, only distinguished themselves by the bad job they did.

So, again I ask, was Jack Welch an exceptional CEO?

Republished with author's permission from original post.

Mitchell Goozé
Mitchell Goozé is the president and founder of Customer Manufacturing Group. His broad scope of business experience ranges from operations management in established firms, to start-up and turn-around situations and mergers. A seasoned general manager, he has headed divisions of large corporations and been CEO of independent firms, always focusing the company strategy on the most important person in business . . . the customer.

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