You Don't Know Jack
Jack Welch ran GE (General Electric, the bulb company; they also make jet
engines) for several years. He was an exemplary
manager envied by even Bill Gates. He took GE to great heights and retired
to a life of great wealth, luxury, and perks.
He had everything. An apartment whose rent per month is $80,000 (I didn't
know such apartments exist), A Boeing 737 jet (valued at $291,869 per month),
free tickets to the best seats of concerts, sports games, and a great legacy
that future generations would try to emulate. He had everything, except respect for his
penis that is.
A female journalist met him for an interview (apparently, she made $250,000
per year in her job. Where are these jobs guys?!), and Jack and she began a
romantic relationship. The problem was that Jack was married.
In the movie Panic
Room, there's this great punch line uttered by a kid. "My
dad is rich and my mom is mad", after the husband starts having an affair
that results in breaking up of the family. Well, Jack is rich and Jane (his
wife) is mad, and outcomes a lot of dirty laundry, that is the talk of parties,
Here's a sample monthly
budget of the Welch family. These luxuries are on top of other imprudent luxuries like the
jet and the apartment mentioned above, which are paid for by GE.
||$51,531 per month
|Food and Beverages
||$8,982 per month
||$1,903 per month
|Country Club Memberships
||$5,480 per month
|Source: Newsweek Magazine, Nov
11, 2002 Issue
BTW, Jack also pays $614 per month for charity.
Far from being a role model, with his questionable character and
questionable lifestyle, this dude brings bad name to all top business
executives, and rich people in general.
Wisdom of the Day
If money is lost, nothing's lost
If health is lost, something's lost
If character is lost, everything's lost
|First Written: Tuesday, November 19, 2002|
Last Modified: 11/19/2002