So, why does he feel the need to publicly bash his hand-picked successor, Jeff Immelt?
Speaking to reporters after Immelt accepted full blame for GE’s mediocre first quarter, Welch said he would ‘…get a gun out and shoot’ Immelt if he missed his financial goals again.
Ouch. What’s that all about? Talk about second guessing someone. Talk about slamming your own golden boy.
Welch obviously comes from the Vince Lombardi ‘tough love school of management.’ And, even though he’s no longer running the show at GE, he’s still trying his best to motivate Immelt by fear.
Management by fear is totally bogus. I never liked reporting to a menacing CEO and found myself being less strategic, less creative and less productive as a result.
Retired CEOs should stay retired. Or, they should write columns for BusinessWeek. Or they should charge hundreds of thousands of dollars for one hour speeches. But, they should not publicly bash their hand-picked successors. It’s bad form and reflects poorly on the image and reputation of all concerned.