Complete video at: http://fora.tv/series/92y_business_finance
Former GE CEO Jack Welch mocks Google’s policy of giving its employees “dream time” to work on personal projects. He says the casual Silicon Valley culture is hard to maintain in a company with monopoly standing. “Look at Microsoft’s dream time. It’s all gone,” says Welch.
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Jack Welch is the head of Jack Welch, LLC. He began his career with the General Electric Company in 1960 and in 1981, became the company’s eighth chairman and CEO. During his more than 20-year tenure as CEO, the company’s market capi-talization rose from $13 billion to $400 billion. In 2000, he was named “Manager of the Century” by Fortune magazine. In 2001, he wrote his number one New York Times and international best-selling autobiography, Jack: Straight from the Gut. He recently launched the Jack Welch Management Institute, a unique online MBA program.
Stephen J. Adler is editorial director for Thomson Reuters, former editor in chief of BusinessWeek and deputy managing editor of The Wall Street Journal.