Jack Welch News
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LinkedIn Corp. unveiled its website ten years ago this week, from a tiny Silicon Valley office next door to an emerging social-networking service called Friendster.
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General Electric Co. kept its corporate governance system intact as investor proposals to limit the terms of directors and split the roles of chairman and chief executive officer were rejected during the manufacturer’s general meeting in New Orleans.
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Jack Welch, the former chief executive officer of General Electric Co. who ignited a controversy by suggesting the Obama administration altered the U.S. unemployment rate for political gain, said the jobs calculation was flawed and contradicted by other evidence.
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As conspiracy theories go, Jack Welch’s had all the elements. There were two opposing sides who rarely believe each other about anything. There is almost no way to prove it isn’t true, either.
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Jack Welch, the former chief executive officer of General Electric Co., will stop writing for Thomson Reuters Corp. and Fortune magazine after backlash to his Twitter post suggesting President Barack Obama’s administration manipulated employment data for political gain.
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Jack Welch used his Twitter account to challenge the Obama administration over the surprise drop in the September U.S. unemployment rate, saying the data were manipulated for political gain.
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Last week, after the U.S. Bureau of Labor Statistics announced an unexpected decline in September’s unemployment rate, former General Electric Co. Chief Executive Officer Jack Welch questioned the credibility of the data.
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Jack Welch isn’t backing down.
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It isn’t only the federal government’s Bureau of Labor Statistics that is issuing surprisingly good news about the U.S. economy these days.
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After tweeting his way to derision last week, Jack Welch has decided to drop the conspiracy-theory angle and play statistician instead.
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