More boring stuff from the Net :|

• Jack Welch and the Lone Ranger Theory – Economix Blog – NYTimes.com
  I would not argue that Jack Welch was a mediocre corporate manager. His relentless drive to improve the quality of G.E. products through the well-known Six Sigma technique, for example, is much admired, and deservedly so. But I do agree with critics who argue that there probably is a bit less to Jack Welch as corporate manager than meets the eye in the legend the financial press has made of him. (See, for example, Rob Walker’s “Overvalued: Why Jack Welch Isn’t God.”)

  Furthermore, economists who support their Lone Ranger theory of corporate management with statistical correlations between executive pay and stock prices are challenged to react to the chart below. It shows the footprints of G.E. stock under the management of G.E.’s current C.E.O., Jeff Immelt. Jack Welch had trained him over many years and had handpicked him as his successor in 2001.

  (tags: management)