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Originally posted by BrettJ
no, not a relative. =(
but guess i'm just a capitalistic pig - that likes to see hard work - and more importantly progress rewarded. he made them a fuck load of money - if they want to reward that - and think it will motivate future CEO's at GE - great.
(about the 80k apartment, that was an apartment that he had ACCESS to, as with the plane, as many execs at GE do) This all came out, during his divorce proceedings, he has given back a bunch of the perks, because he didn't want them to be part of the assessed value that his ex would get a % of. he even gave back the season tickets =(
so tired of people bitching about other people that have succeeded.... there is a sub culture to america - and maybe the rest of the world - that really loves to see sucessful people get burned.
even to a point the MSFT monopoly thing - we're such a bunch of hypocrites - we say we want americans to be successful - but you sell something - 90% of americans use - and the gov't starts threeatening to break up your business. i know there is more to it than that - but really - is that the kind of example we should be making?
it's sick - and the press feeds off of it by trying to make a story out of anything.
I'm sorta glad the Press tried to go after Jack - cuz they are gonna make asses out of themselves trying to chastize him. =)
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Tall poppy syndrome. Yep we're all guilty of it at some point in our lives. People just hate to see people at the top. But in this Welch guys case it sure sounds like he worked his ass off for 20 years getting GE to become a dominant player.
Sammy