Welch: 'Stop meddling with banks.'

Phillips, Lucy
July 2009
People Management;7/16/2009, Vol. 15 Issue 15, p12
The article focuses on a presentation by Jack Welch, former chief executive officer (CEO) and chairman of General Electric, during the annual Society for HR Management (SHRM) conference held in New Orleans, Louisiana from June 28 to July 1, 2009. Welch criticized the speed and magnitude with which U.S. President Obama is addressing the recession. He also praised the long-term approach to compensation and bonus clawback clauses being adopted by many banks.


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