Welch created a cult of Jack among Wall Street research analysts. He would project earnings numbers that he would make every quarter. Welch was able to pull GE's capital levers in order to do that.
Before the mega-cap tech giants, there was General Electric.
William D. Cohan is a Founding Partner of Puck and the author of “Power Failure: The Rise and Fall of an American Icon.” Cohan joined Ricky Mulvey to discuss:
- Jack Welch, and the religion of earnings consistency. - The mythology behind General Electric’s birth. -General Electric’s “time of death”. - Why Cohan believes a combination between Warner Brothers Discovery and NBCUniversal is “inevitable.”
Host: Ricky Mulvey Guest: William D. Cohan Engineer: Dan Boyd, Rick Engdahl, Tim Sparks, Annie Franks
Companies discussed: GE, DIS, WBD, CMCSA
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