3min chapter

Behind the Bastards cover image

Part Two: Jack Welch Is Why You Got Laid Off

Behind the Bastards

CHAPTER

Jack Welch's Divorce and the Hidden Compensation Agreements

In 2001, he has that big expensive divorce, which does not go well for him. His wife Jane was very smart. She had negotiated that their prenup expired after 10 years of marriage. So on year 11, she splits from him and like, she takes him to the fucking cleaners. And as part of the whole big legal battle between them, his divorce reveals a series of hidden compensation agreements that he'd made to GE That had not been disclosed to shareholders.

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