Boeing CEO Latest Jack Welch Disciple to Struggle, Underscoring Issues with Former GE Chief's Legacy
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Dave Calhoun, a disciple of Jack Welch, is stepping down as Boeing's CEO, adding to the list of unsuccessful Welch followers.
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This week General Electric will complete its breakup into 3 companies, none named GE, essentially ending Welch's legacy.
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The author compiled a list of 13 unsuccessful former CEOs who were Jack Welch protégés, surprised by how long the list was.
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4 of the unsuccessful CEOs had led Boeing, and 3 got 2 chances as CEOs but were unsuccessful both times.
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Welch's focus on short-term earnings games rather than long-term company building was adopted by his followers, but is no way to run a modern company.