Jack Welch goes Galt
See what you people made him do?
On Tuesday it was reported that the former General Electric CEO and his wife — former Harvard Business Review editor-in-chief, Suzy Welch — would no longer be writing their joint, biweekly column for Fortune magazine and reuters.com, informing the editors of both publications via email that they were terminating their contract because they felt that they would get better “traction” for their writing elsewhere. The couple’s articles have been running on Fortune since March 2012.
The move came after days of withering criticism from both sides of the aisle in response to Welch’s tweet last Friday in which he suggested that the Obama administration had possibly manipulated the September jobs report number. “Unbelievable jobs numbers .. these Chicago guys will do anything .. can’t debate so change numbers,” Welch wrote. The insinuation, which Welch doubled down on after the fact, was that the president wanted to make the economy look healthier than it actually is heading into the November election.
Guess we won’t have Jack Welch to kick around anymore.