#pa

To survive, China had to open up to the West. It could not survive otherwise. This was after many millions have died of hunger in a country that was like North Korea is today. Once we became part of global competition, we had to agree to some rules. It's painful, but we had to. Otherwise there was no way to survive. ↗

— Ai Weiwei

#agree #became #china #competition #could

Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas. ↗

— Jack Welch

#capital #changed #company #find #globalization

Any jerk can have short-term earnings. You squeeze, squeeze, squeeze, and the company sinks five years later. ↗

— Jack Welch

#company #earnings #five #jerk #later

If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century. ↗

— Jack Welch

#century #china #company #couple #dollars

If you don't have public hangings for bad culture in a company, if you don't take people out and let them say, they went home to spend more time with the family. It's crazy. ↗

— Jack Welch

#company #crazy #culture #family #home

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. ↗

— Jack Welch

#ceo #ceos #company #could #cultural

Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business. ↗

— Jack Welch

#business #businesses #chemical #credit #cycle

The 1980s will seem like a walk in the park when compared to new global challenges, where annual productivity increases of 6% may not be enough. A combination of software, brains, and running harder will be needed to bring that percentage up to 8% or 9%. ↗

— Jack Welch

#brains #bring #challenges #combination #compared

Historically, the minority party in Congress votes against raising the debt limit, forcing the majority party to whip its members into casting politically painful votes in favor. ↗

— Peter Welch

#casting #congress #debt #debt limit #favor

The Citizen's Petition reflects Vermont's spirit of pragmatism and across-the-board cooperation. I applaud the 'Campaign to Fix the Debt' for calling attention to one of the country's most pressing problems, our ballooning national debt, and for urging policymakers to find practical solutions. ↗

— Peter Welch

#attention #calling #campaign #citizen #cooperation