Summary :
“I have only the highest regard for Jack Welch,” said former Home Depot CEO Bob Nardelli in a recent interview with Yahoo Finance’s editor-in-chief for “Influencers with Andy Serwer.” And at the same time, make sure that you were highly regarded and respected.”
Welch served as chairman and CEO of GE for roughly two decades.
In an article for Fortune, Yale School of Management Professor Jeffrey Sonnenfeld attributed many of GE’s failings to Welch’s mistaken belief that he could succeed across industries with his management philosophy rather than with industry-specific knowledge.
“That notion of interchangeable management expertise, like interchangeable parts in an assembly line, contributed to massive strategic stumbles under Welch,” Sonnenfeld said.
Though he said he respected Gelles’ right to an opinion, Bob Nardelli remains steadfast in defending his former mentor, who died in 2020 at the age of 84.
“I don’t think it’s appropriate to go after someone that’s passed away, that doesn’t have the ability to defend themselves,” Nardelli said.
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