Jack Welch led GE for nearly 20 years and is considered to be one of the great businessmen of the 20th century. His philosophy: take care of the best performing managers and fire the bottom 10%. That strategy was repeated down the line at GE to include all workers.
Many people thought Welch was too tough. But, he compares running a business to running a baseball team and differentiating between each person’s performance.
A Success Television release