You Don't Know Jack

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, and board-rooms.

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.

Mortgage Payment	$51,531 per month
Food and Beverages	$8,982 per month
Clothes	$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.