Public hangings are teaching moments. Every company has to do it. A teaching moment is worth a thousand CEO speeches. CEOs can talk and blab each day about culture, but the employees all know who the jerks are. They could name the jerks for you. It's just cultural. People just don't want to do it.

By 1999 he was named "Manager of the Century" by Fortune magazine. Jones. Welch has received criticism for a lack of compassion for the middle class and working class.

(born (1935-11-19)November 19 1935) is an American business executive author and former chemical engineer. In 2006 Welch's net worth was estimated at $720 million.