Jack Welch speaks

Welch says that depending on whom you ask, he is somewhere between a prince and a pig.

“ a pompous bullfrog who’d heard stories of other frogs being kissed by princesses and turned into handsome princes. He figured he would be an excellent candidate. He went to a fortune-teller and told her he was sure a beautiful woman somewhere was looking for him. The fortune teller looked into her crystal ball and, sure enough, said, i see a beautiful young woman watching you… exploring your body for hours… driven to know everything about you. “i knew it,” said the frog. “where will i meet this woman?” The fortune teller looked again into her crystal ball. “in her biology lab” she replied.

In the new world environment, a company cannot provide job security. Only customers can do that. One thing we’ve discovered with certainty is that anything we do that makes that customer more successful inevitably results in a financial return for us.

Companies supply the opportunity, resources and environment, and the workers supply the skills and energy. It all came back to that familiar word: competition. The new psychological contract.

In almost all cases, if you have quality, price and technology, you win — and nobody can sleazeball you.

Integrity is the rock upon which we build our business success — our quality products and services, our forthright relations with customers and suppliers, and ultimately, our winning competitive record.