Neutron Jack

[Foxs Mercantile]

I was invited by Linkedin to follow Jack Welch.
AKA Neutron Jack, who pretty much single handedly dismantled RCA.

<http://en.wikipedia.org/wiki/Jack_Welch>

And yes, I think he's a scumbag.

Jack Welch
Founder, Jack Welch Management Institute at Strayer University

5 Types of Directors Who Don't Deliver
By Jack and Suzy WelchIf you've ever sat on a board, chances are you've
had to endure an ineffective or otherwise dysfunctional peer..

[Joe from Kokomo]

On 4/16/2013 1:09 AM, Foxs Mercantile wrote:
> I was invited by Linkedin to follow Jack Welch.
> AKA Neutron Jack, who pretty much single handedly dismantled RCA.

> And yes, I think he's a scumbag.

Well, you're in good company. His own father, a union man, disowned
Neutron Jack. It seems Jack had a bad memory problem -- he forgot that
his dad's union wages put food on the table and put him through college.

[MarkS]

"Foxs Mercantile" <jda...@att.net> wrote in message
news:kkime2$d17$1...@speranza.aioe.org...

> I was invited by Linkedin to follow Jack Welch.
> AKA Neutron Jack, who pretty much single handedly dismantled RCA.

Yeah, a good friend of mine lived that at RCA Camden. He managed to survive
the blast; what's left is now L3, they are doing OK, mostly mil aerospace
stuff.

He started out aligning optics for broadcasting cameras. There were
commercial products, lots of stuff but....then came the blast. Gotta say RCA
management
was pretty bad though. They had an engineers union?

BR's,

Mark

[Chester Copperpot]

On Tue, 16 Apr 2013 00:09:23 -0500, Foxs Mercantile <jda...@att.net>
wrote:

Too bad GE didn't fire him in 1963. He really IS a scumbag - just like
Immelt.

[dave]

RCA was a dummy corporation set up so immigrants like Sarnoff and
English investors (Marconi, et al) could invest in wireless, then
treated as a military technology.

[Elihu] Thomson, who owns RCA name today (except Nipper, owned by
Thales), was an original partner in GE. Incest is best.

[Tom Hoehler]

"Chester Copperpot" <chester....@astoria.or.us> wrote in message
news:mj3sm8tcn96p7h906...@4ax.com...

NPR aired a "This American Life" episode recently, where they surmised that
Jack Welch is a psychopath. AND a scum sucker. And was shamelessly
compensated for it. Pity.

Tom

[dave]

Psychopaths make the best CEO in our perverted culture. Bullies rule!

[kimherron]

>> "Chester Copperpot" <chester....@astoria.or.us> wrote in message
>> news:mj3sm8tcn96p7h906...@4ax.com...

>> NPR aired a "This American Life" episode recently, where they surmised
>> that Jack Welch is a psychopath. AND a scum sucker. And was shamelessly
>> compensated for it. Pity.
>>
>> Tom
>
> Psychopaths make the best CEO in our perverted culture. Bullies rule!

He's not the only one that operated that way. I remember reading an
article in the Wall Street Journal years back about Al Wasserman, also
known as "Chainsaw Al". He took over Sunbeam Appliances (remember
them?) and dismantled it to the point where it just disappeared.
Corporate boards are beholden to stock holders and a lot of them are NOT
interested in long term health of a company. They want quarterly
profits and most of the time, they are only looking about 4 to 6
quarters forward.
--
Kim Herron W8ZV

[dave]

Dunlap, not Wasserman

[kimherron]

Thanks for the correction, Dave :-).

--
Kim Herron W8ZV

[Richard Knoppow]

"kimherron" <kim.h...@sbcglobal.net> wrote in message
news:atj49l...@mid.individual.net...

Its neutron bomb Jack because after he's been there the
buildings are still standing but the people are gone. Jack
Welch is not a stupid man, he started as a chemical engineer
and has a Phd in organic chemistry, not a trivial thing to
get. Some of his philosophy makes sense such as reducing
the number of layers of management at GE. When he took over
they had nine layers. However, his success was partly due
to the times he operated in when it was not difficult to
make companies profitable. One way he did this for GE was
to move the company into what amounts to banking; the single
largest profit maker for GE is GE Capitol. Any time you fly
on a airline its likely the aircraft is owned by GE Capital
and leased to the airline. That gives the airline a tax
break. They are into lots of other areas, this is only a
sample. Welch also rewarded his exectutives for finding new
ways to make money. That sounds good but also led to the
sort of manipulations that brought down Enron although GE
had much better supervision over what was going on.
One problem with all this is that the success of a
business enterprize is judged on its return on investment
for investors but leaves out the people who do the work and
actually generate the wealth. These days a lot of jobs can
be shipped to parts of the world where economic development
is behind so that wages are very low. So, people are willing
to work for slave wages because its better than nothing. An
example in the news currently is the clothing factory in
Bangledesh that collapsed the other day. I am all for
improving conditions for people everywhere but reducing
ourselves to the same third-world economic conditions is not
the way to do it. But that is exactly what people like Jack
Welch want to do. Our domestic economy, the real one not
Wall street, is based on the wages of working people. All
that money goes right back into the economy while the income
to the very rich really does not. All this gets missed by
those who think unregulated capitalism is wonderful: history
says otherwise.
BTW, when Jack wrote his book he did a book tour
(meaning lots of radio and TV interviews). One of the
inteviews was at a local NPR station. He got a couple of
calls from former NBC people here about how he had virtually
destroyed the network, his reaction: "I'm sorry you feel
that way". Oh well, I guess you can be very smart in some
ways and abysmally stupid in others.
My appoligies for all this off topic political rant.


--
Richard Knoppow
Los Angeles
WB6KBL
dick...@ix.netcom.com

[Richard Knoppow]

"dave" <rick...@earthlink.net> wrote in message
news:4IadnXE39pi_YfLM...@earthlink.com...

Nonsense, RCA was never a dummy corporation. It was
created by General Electric and AT&T with connivance of the
U.S.Navy to prevent a monopoly of wireless by the Marconi
interests. Marconi was a British company. This was made
possible by legislation requiring the owner of any radio
station in the U.S. to be a U.S. citizen. This condition
still exists. When RCA was formed the partners bought out
the American Marconi Company and perhaps a dozen other
smaller companies who held valuable patents. The original
idea for RCA was probably due to Owen D. Young who was
chairman of GE and admiral Cooper of the Navy. RCA was
supposed to be a patent clearing house to promote the
manufacture of radio equipment and it was also the operating
agency for the communication networks taken over from
Marconi. However, the Marconi management continued to run
RCA and was strongly oriented to creating a world-wide
monopoly, just as they were when working for Marconi. They
rapidly entered the manufacturing business and made patent
licenses hard to get and expensive. Sarnoff was general
manager of American Marconi and continued with RCA. It was
probably mostly Sarnoff's influence that brought RCA into
manufacturing and certainly into broadcasting but the
company was certainly not created to make it possible for
immigrants to run the industry, in fact just the opposite.
Until 1935 General Electric held about 35 percent of RCA
stock and controlled the company. AT&T had sold out early.
General Electric and Thompson are connected, the RCA
trademark is licensed to them. The original Nipper picture
was owned by the EMI company, I am not sure of who has
rights to it now other than RCA sold its Victor Record
division more than twenty years ago.
RCA had management problems for many years. It did some
interesting and innovative development work but was not
successful in introducing such things and their video disk.
The most profitable division was NBC.


--

[Carter]

On 5/1/2013 4:16 PM, Richard Knoppow wrote:

> Its neutron bomb Jack because after he's been there the buildings are
> still standing but the people are gone. Jack Welch is not a stupid

> man...


Well, maybe yes and maybe no.

At the most fundamental level, there are only two ways to increase the
profitability of a company:

1) Increase revenue

or

2) Decrease expenses

It takes brains and skill to increase revenue, but any damn fool can
decrease expenses by throwing people out the window.

Guess which path Neutron Jack was noted for. (A hint: that's why he's
called Neutron Jack).

[Chester Copperpot]

I worked for a company for 21 years. The last 5 we were owned by GE.
They ruined the company by not investing in new product development
and with a manufacturing mentality straight out of the 60's-70's. In
the end they shut us down and sent most of the jobs to China and
Mexico. Shortly after that, our division was sold to another company.

I will try to never buy another GE product as long as I live. I won't
even have a GE radio in my collection.