Posted on 02/04/2017 12:39:05 AM PST by aquila48
Retired General Electric CEO Jack Welch says his two-hour White House meeting with President Trump and other business executives far exceeded my expectations and covered issues ranging from immigration to financial regulations to women in the workplace.
Im telling you it was one of the best meetings Ive ever been to in my life in terms of real stuff, real issues being discussed, Welch told the Herald by phone last night. No phony baloney. Nothing like that.
Welch said he has met with nearly every president since 1981, and found Trump surprisingly well-versed on topics, engaged and genuinely focused on the task of creating jobs.
Real guy and really concerned about every worker in the country, said Welch. Solid, down-to-earth, on top of the issues. The guys at the GE plant in Lynn would love him.
Welch publicly supported Trump for president, but pulled it in October after the Access Hollywood tape emerged of Trump making lewd comments about women.
Trump met with Welch and a panel of CEOs from corporations including Tesla, JPMorgan Chase, General Motors and Wal-Mart and even assigned them tasks to perform before they meet again. Welch said the economic advisory panel will reconvene monthly at first, then quarterly.
Trump broached a variety of subjects with the CEOs a border tax, the travel ban, limitations on lending but didnt submit firm proposals, said Welch.
It was as intense as a GE staff meeting or a Herald staff meeting guys with their shirtsleeves rolled up going at it, said Welch. There wasnt one iota of negativity. The people in the room want to go to work for him and bring him the best suggestions possible, and he wants to get them done fast.
(Excerpt) Read more at bostonherald.com ...
no, you have it wrong. Trump wants to listen. That is the gist of the Welch comments.
Trump wants to know what’s on their minds. He wants to hear how he can be of service to resolve issues where his government is standing in the way of better business
Bring back the incandescent light bulb!
Jack bends the knee.
He was probably wrong about a lot of things he shed and a lot of things he kept, but the transformation was very necessary.
Jack Welch was an icon at large companies in the 70’s and 80’s. he was the subject of many Harvard business cases in business schools. Fired GE managers were in high demand at other companies simply because their GE resume meant that they probably had good management skills.
Flourescent bulbs were a nightmare - god I hated those things, but over the last few years I have almost entirely transformed my house to LED lighting. Better light, much lower utility bills and the difference in cooling costs is remarkable.
It's a mystery alright.../s
You’re right.
Liberal Elites don’t wear their ‘charm masks’ for middle class workers. We see them for the people they really are... They think we’re too powerless to stand up to them so they drop the phony baloney BS.
And likewise we can see the people who really are good - men like President Trump ...
I have never liked fluorescent bulbs. The light is ugly, very unnatural, and can even make some people ill. (If you have lupus, they can make your symptoms go through the roof.)
As a result of working for GE (defense division) many years ago, I gained a few shares of stock, which decades later are now many. Was shocked when my stock dropped from $50 to $5 a share. Next annual report almost a year later I saw that the top 7 executives were earning from $11 to $22million. No cut the following year either. Realized it was because so much of their business was now in the financial sector and that took a real bath ‘07 and ‘08. I fear that our President may do too much deregulating in the banking area. Welch left GE with a HUGE pile of money, oover $400million. And he is not the only one:
http://investorplace.com/2012/01/ceo-golden-parachute-executive-compensation/#.WJY251MrKM8
I am certainly glad he is trying to get useful input from some of the most successful (in terms of money) executives in business, but how many of them got that way from scrxxxxxg the workers and overpaying themselves and shipping work to cheap labor countries. What President Trump needs with this panel is a few people who have participated at the low end of the economic ladder to inject some little guy reality into the mix. I spent about 5 years working hard to save a group of small entrepreneurs from the ravages of Democrat politicians and corrupt police. Regulations were being used to harass these low income business people with endless fines, to force them from their business location so people who had paid bribes could take over their location. I finally left the Democrat party in disgust.
Our President has talked about lowering corporate income tax, but how is this going to be a good idea if he just runs up the debt. Here is one idea. In the 1960’s when income seemed better distributed than now, top CEO’s were paid about 40 times the amount as their low level workers. Now the ratios run from 200 to 1 up to 1,000 to 1. No wonder they are sending the jobs overseas and underpaying the workers here. There is a lot of talk about the $15 minimum wage. Multiply that by 40 and you get a number close to $1,500,000. So consider that as base pay for top execs, and don’t allow them to deduct more than that as corporate business expenses. What the IRS gets in business taxes from that saving can then finance the tax deduction for businesses overall. Many complain about the high cost of medicine. Drug companies wildly overpay their execs, and overcharge their dependent customers. Their roughly 20% earnings is far higher than the typical 3 to 7 percent of many other businesses. Time for a change, go for it P. Trump.
I wonder what Jack Welch thinks about obama privately.
A search about his public thoughts are that obama was wrecking the economy.
“Neutron Jack” came out hard in favor of Trump at the beginning, including a series of charts and graphs. Then, he publicly denounced him and withdrew support during “pussygate”. Now, he’s changed his tune again.
You have to wonder how many of these people Trump is calling realize they are there for “courtesy meetings.”
He was against him after he was for him. Now, he's tap dancing.
That's it, precisely. The very vain Bishop Romney got a courteously delivered public rejection; but Trump does appear to want to keep lines of communication open with as many proven talents as possible.
Thanks Al
I was wondering that myself.
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