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GE’s Jack Welch (pictured above) divides his time consulting with companies, travelling, golfing, lecturing at MIT’s Sloan School of Management and donating time and money to business education. He was 62, a goldenparachute strapped to his back, but no hobbies or interests beyond business.
The goldenparachute was nice, but the passion and the purpose was suddenly gone.”. He has this tenacity and unshakeable confidence in his capabilities,” says his oldest friend, Joe Morin, a professor of education at the University of Wisconsin. After 10 years at Nabob Foods Ltd., They took care of me,” he recalls. “A
The goldenparachute was nice, but the passion and the purpose was suddenly gone.”. He has this tenacity and unshakeable confidence in his capabilities,” says his oldest friend, Joe Morin, a professor of education at the University of Wisconsin. After 10 years at Nabob Foods Ltd., They took care of me,” he recalls. “A
Third, character matters just as much as any knowledge or skills acquired from training and education. Leading people in risky environments is not a game with a reset button, a goldenparachute, or a bailout clause. Risk has faces and names.
The best education, the best car, the best champagne, and so on. They are hedge fund tycoons; “private equity” barons; privateers who have bought the natural resources of entire countries whole; CEOs with goldenparachutes the size of small planets. The only question is: Where is the line is drawn? How rich is too rich?
As an example, last March, 68% of Swiss voters approved a measure giving shareholders the right to block executive and Board pay packages, outlawing “goldenparachutes,” and increasing transparency regarding loans and retirement packages, according to the Wall Street Journal. Yes, Switzerland. But it also involves speaking out.
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