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An hour with Jack Welch, former CEO of General Electric, and Suzy Welch, former editor of the Harvard Business Review, about their relationship and collaboration on the book "Winning", based on their experiences in the business world. They also discuss major mergers, the Martha Stewart trial and the role of leadership.
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Ricardo C. Amaral 10/19/2008 03:56 AM Report
Today October 18, 2008 I bought a copy Fortune Magazine and the cover story is about General Electric asking: Is GE Okay?
I saw this coming at the time when Jack Welch retired from that company and I was trying to convince a very good friend of mine that he should not add thousands of new shares of GE stock to his portfolio. He already had enough shares of that company, but he did listen to me and in January of 2004 he bought some more GE stock at around $ 34 per share.
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About 2 months latter when I saw The Charlie Rose Show and Jack Welch was being interviewed, since that experience with my friend was so fresh on my mind then I decided to post on the Charlie Rose Show Message Board the conversation that I had had with my friend about GE stock at the time when he bought a new batch of GE stock.
Right now GE stock is trading around $ 19 dollars per share, and most likely that stock is going to follow the steps that ITT stock did after Harold Geneen left that company.
That was my opinion in January 2004, and still my opinion today.
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Ricardo C. Amaral 10/19/2008 03:33 AM Report
Part 2 of 2 - The CNBC – Power Lunch message board don’t let you post anything directly. When you post your information you see a message that a moderator will review your message before the message is posted to their message board. (In plain English - CENSORSHIP)
Today when I went to check if they had posted my message regarding the GE stock, instead of my reply they posted the following message:
“This message has been deleted due to termination of membership.”
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SouthAmerica: When I saw the reply canceling my account I realized that GE Corporation is the parent company of CNBC - and Jack Welch must be regarded as God for these people.
I understood immediately why my account was cancelled on that message board.
My posting was an honest opinion, and never passed my mind at the time that GE was the parent of CNBC - I was just reacting to the post that I saw on their message board.
But what I am learning is that there is CENSORSHIP all over the place here in the US – First in the Charlie Rose Show message board, now on the CNBC message board, and these are supposed to be people who are in the communication business here in the old USA.
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Ricardo C. Amaral 10/19/2008 03:32 AM Report
Part 1 of 2 - On June 23, 2005 I posted the following information on The Elite Trader Forum and after a few days they erased this information from their forum. That is a good thing that I keep files back up files on everything that I post on these forums.
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June 23, 2005 - SouthAmerica: Last night by chance I found an excellent program about Brazil.I was surprised because usually when I see anything about Brazil it is about some problem – killing kids, burning the Amazon jungle, gang drug wars, corruption, something bad about the Brazilian economy including currency crisis, poverty and the Favelas, etc…
This program broadcasted by CNBC with anchor Sue Herera about Brazil – did show Brazil as a up coming economic power and the program showed many of the good developments that has been happening in Brazil for many years.
That program made think what am I doing here in the United States when the action and opportunities for growth and development is in Brazil.
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I enjoyed that program it did make me proud of my country and my people. The program did not have to mention soccer, which is the number one sport in the world, and Brazil has been number one in that sport for many years.
After watching that program on CNBC I decided to send a note of congratulations for a job well done to the anchor of the show Ms. Sue Herera.
When I went to the CNBC website to post a message on the message board of the CNBC show that she participates – Power Lunch - I had to create an account in that message board – which I did.
After I posted my little note of congratulations to Ms. Herera on the Power Lunch message board I did notice that someone had posted something asking a question regarding the GE stock on that message board.
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I have not checked the GE stock for over a year but I decided to post as a reply to that posting something that I had posted on the Charlie Rose Show message board on March 8, 2004 after Jack Welch had been interviewed by Charlie Rose on that show.
“Power Lunch” - Hosted by CNBC TV Bill Griffeth and Michelle Caruso-Cabrera take an up-close and personal look at the companies, people, and hot trends driving the markets and influencing Wall Street. Sue Herera another TV anchor-person also participates on this show with Bill Griffeth.
Power Lunch Message Board: Posting about the GE stock: 1) What is wrong with the GE stock? It has done nothing but go down in value. Is it time to dump it?
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The reply that I posted to that posting on the Power Lunch message board:
SouthAmerica: On March 8, 2004 after watching Jack Welch being interviewed by Charlie Rose on the Charlie Rose Show I posted the following on that show’s message board as follows:
Jack Welch reminds me of Harold Genine the first super star manager in American business. He bought everything in sight in the 1960’s and 1970’s and IT&T became a glamorous company in Wall Street, and Harold Genine became a legend in American business.
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In the last twenty years, Jack Welch built General Electric to be one of the largest American corporations in the world. And today, General Electric is one of the major outsourcers of American jobs to countries such as India.
I will not be surprised to see General Electric following the same path as IT&T did since Mr. Genine’s retirement in the 1970’s, when we look back twenty years from now.
Twenty years later, Genine’s performance didn’t look so hot, and IT&T became just a shadow of what the company used to be.
A friend of mine just bought some General Electric stock recently, and he asked my opinion about that company, and the above was my answer to his question.
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Ricardo C. Amaral 10/19/2008 03:14 AM Report
I had posted this information on the Charlie Rose Message Board right after I saw the show that evening. I can't find the old message board that Charlie had on his show with this information.
Charlie should make the information on the old message boards available to the public as everybody else does even when they up date their system we still access the old message boards. Anyway here is what I had posted on his message board that night. I had misspelled on that posting Mr. Harold Geneen's name.
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March 8, 2004
Jack Welch reminds me of Harold Genine the first super star manager in American business. He bought everything in sight in the 1960’s and 1970’s and IT&T became a glamorous company in Wall Street, and Harold Genine became a legend in American business.
In the last twenty years, Jack Welch built General Electric to be one of the largest American corporations in the world. And today, General Electric is one of the major outsourcers of American jobs to countries such as India.
I will not be surprised to see General Electric following the same path as IT&T did since Mr. Genine’s retirement in the 1970’s, when we look back twenty years from now.
Twenty years later, Genine’s performance didn’t look so hot, and IT&T became just a shadow of what the company used to be.
A friend of mine just bought some General Electric stock recently, and he asked my opinion about that company, and the above was my answer to his question.
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