Jack Welch

Jack enjoys playing golf, a sport at which he has become quite good although there is no resemblance in his game to Tiger Woods or other notable persons. He has nine children: Maryum, Rasheeda, Jamillah, Hana, Laila, Khaliah, Miya, Muhammad Junior and Asaad. He returned to work full time in September of the same year and also adopted a exercise schedule. His current wife Lonnie Williams (his fourth) is also from Louisville. Welch underwent triple bypass surgery in May 1995. Muhammad Ali currently lives in Michigan. [4] (http://news.bbc.co.uk/2/hi/business/3992381.stm). In addition to displaying his boxing memorabilia, the center will focus on core themes of peace, social responsibility, respect, and personal growth.

The second marriage is widely known as Jane cleverly included a provision to neutralize a prenuptial agreement that would have protected Welch's wealth in case of a divorce. The $60 million Muhammad Ali Center is scheduled to open in downtown Louisville, Kentucky in the Fall of 2005. She married Jack in April 1989 and they divorced in 2003. and all that.". They divorced amicably in April 1987 after 28 years of marriage. His second wife, Jane Beasley, was a former mergers-and-acquisitions lawyer. hard.. He had four children with his first wife, Carolyn. Get hit in the breast..

Welch has had a slight stutter since childhood. the body's not made to be punched right here [patting his chest]. There was a lengthy and well-publicized succession planning saga prior to his retirement. His daughter Laila Ali also became a boxer in 1999 despite her father's earlier comments against female boxing in 1978: "Women are not made to be hit in the breast, and face like that.. So that a more clear analysis of the cause of GE market value and revenue increases would overwhelmingly credit the market going up and inflation. He had supposedly thrown the previous one, won in 1960, into the Ohio River after being refused entry to a restaurant, confirming his own suspicions that even with a gold medal, he would not be treated any different in the South. During this period 1980-2000 (of Jack Welch being GE Chairman) GE revenues increases similarly were almost all due to inflation increases (which increased prices 100-200 % during this 1980-2000 period). At the same Olympics, Ali was also presented with a replacement gold medal.

would show that 95 % ++ of the results as GE were simply due to the market going up. In 1996, he had the honor of lighting the Olympic flame in Atlanta, Georgia. A careful analysis of what results were simply from the increased values due to the rise of the Dow Jones Industrial Average (DJIA) from 500 in 1980 to 12,500 in 2001 and today 10,500 .. In 1985, he was called on to negotiate for the release of kidnapped Americans in Lebanon. Through its strong earnings and future growth estimates it was valued at $400 billion at the end of 2004, the world's largest corporation, up from America's tenth largest by market cap in 1981. Despite this, he remains a hero to millions around the world. In 1980, the year before Welch became CEO, GE recorded revenues of roughly $26.8 billion; in 2000, the year before he left, they were nearly $130 billion. Ali was diagnosed with Pugilistic Parkinson's syndrome in 1982, following which his motor functions began a slow decline.

Nevertheless, Welch has lead the company to massive revenues. Ali punched to the head much more than most boxers—a high-risk strategy since, over the duration of a long fight, punches to the body can be much more effective in tiring an opponent out. bond-trading scheme of the early 1990s that generated bogus profits" ([3] (http://www.businessweek.com/1998/23/b3581001.htm)). Instead, he relied on his extraordinary reflexes and reach (83 inches) to keep him away from his opponents' blows. Critics also say that the pressure Welch imposes leads some employees to cut corners, possibly contributing to some of the defense-contracting scandals that have plagued GE, or to the humiliating Kidder, Peabody & Co. He carried his hands at his sides rather than the orthodox boxing style of carrying the hands high to defend the face. Jones. Ali had a highly unorthodox style for a heavyweight boxer.

Also, Welch did not rescue GE from great losses; indeed, the company had 16% annual earnings growth during the tenure of his predecessor, Reginald H. Following this loss, Ali retired permanently in 1981 with a career record of 56 wins, 37 by knockout, against 5 losses. Wright worked to effect a turnaround at NBC, leading it to five years of double-digit earnings and the No.1 position in prime time ratings. Although Ali performed marginally better against Berbick than he had against Holmes fourteen months earlier, he still lost a 10-round unanimous decision to Berbick, who at 27 was twelve years younger. Wendt led GE Capital to contribute nearly 40% of the company's total earnings and Robert C. Compared to the mega-fights Ali fought in widely known venues earlier in his career, the match took place in virtual obscurity in Nassau. For example, Gary C. On December 11, 1981, he fought rising contender and future world champion Trevor Berbick, in what was billed as "The Drama in the Bahamas." Because Ali was widely viewed as a damaged fighter, few American venues expressed much interest in hosting the bout, and few fans expressed much interest in attending or watching it.

They contend that individual managers are responsible for the company's success. Despite the apparent finality of his loss to Holmes and his increasingly suspect medical condition, Ali would fight one more time. Some people believe that Welch is given too much credit for GE's success. However, Don King withheld this report and allowed the fight to go on. Notable is his record salary of $94 million a year, followed by his record retirement-plan of $8 million a year. The exam revealed he actually had a hole in the membrane of his brain. In 1999 he was named "Manager of the Century" by Fortune magazine ([2] (http://www.timewarner.com/corp/newsroom/pr/0,20812,667526,00.html)). He admitted to tingling in his hands and slurring of his speech.

He also made hundreds of acquisitions and made a push to dominate markets abroad. Welch adopted the Six Sigma quality program in late 1995. It was revealed after the fight that Ali had an examination at the Mayo Clinic and the results were shocking. During the 90s, Welch helped to modernize GE by emphasizing a shift from manufacturing to services. Holmes was Ali's sparring partner when Holmes was a budding fighter; thus, some viewed the result of the fight as a symbolic "passing of the torch." Holmes even admitted later that, although he dominated the fight, he held his punches back a bit out of sheer respect for his idol and former employer. In 1986, GE acquired NBC. The Holmes fight, promoted as "The Last Hurrah", was a fight many fans and experts view with disdain because of what many viewed as a "deteriorated version" of Ali. Of the 112,000 that left the payroll, 37,000 were in sold businesses, and 81,000 was reduced in continuing businesses. Looking to set another record, as the first boxer to win the Heavyweight title four times, he lost by technical knockout in round eleven, when Dundee would not let him come out for the round.

The chapter "the neutron years" in his book says that GE had 411,000 emplyees at the end of 1980, and 299,000 at the end of 1985. That retirement was short-lived, however, and on October 2, 1980, he challenged Larry Holmes for the WBC's version of the world Heavyweight title. In the early 1980s he was dubbed "Neutron Jack" (in reference to the neutron bomb) for wiping out the employees while leaving the buildings intact. Then on June 27, 1979, he announced his retirement and vacated the title. Welch is also known for destroying the nine-layer management hierarchy and bringing a sense of informality to the company. He defeated Spinks in a rematch, becoming the heavyweight champion for the record third time. He also expanded the broadness of the stock options program at GE from just top executives to nearly one third of all employees. He would retain his title until a 1978 loss to 1976 Olympic champion Leon Spinks, who was fighting in only his eighth professional fight.

He would push his managers to perform, but he would reward those in the top 20% with bonuses and stock options. Once again, the champion won a widely debated decision. He earned a reputation for brutal candor in his meetings with executives. In September, Ali faced Ken Norton in their third fight held at Yankee Stadium. Each year, Welch would fire the bottom 10% of his managers. Even Ali's loyal trainer Angelo Dundee said this was his worst performance in the ring. Welch's strategy was later adopted by other CEOs across corporate America. Many who scored the fight at ringside thought Young deserved the decision.

Although he was initially treated with contempt by those under him for his policies, they eventually grew to respect him. Ali was awarded a unanimous decision, but it was widely booed by the crowd. Welch worked to eradicate inefficiency by trimming inventories and dismantling the bureaucracy that had almost led him to leave GE in the past. Ali was heavy and out of shape, refusing to take the young challenger seriously. He also pushed the managers of the businesses he kept to become ever more productive. On April 30, 1976 Ali faced Jimmy Young in Landover, Maryland and many regard this as his worst fight. He shut down factories, reduced payrolls, cut lackluster old-line units. 1976 saw him knock out two largely unknown opponents, Belgian stonecutter Jean-Pierre Coopman and English boxer Richard Dunn.

Through the 1980s, Welch worked to streamline GE and make it a more competitive company. Many felt Ali should have retired after this fight, however he continued to box. "old guard" who had contributed so greatly to the success of the Company. Ring Magazine called this bout 1975's Fight of the Year, the fifth year an Ali fight had earned that distinction. To the shareholders chagrin, Moore was abruptly terminated at the height of his value to G.E along with other senior members of the G.E. Along with the "Rumble", his fights with Frazier are widely considered among the greatest in boxing history. Moore lived at 89th and 5th Avenue in Manhattan and had built his reputation on the price fixing scandal that G.E was embroiled in during the 1950's. After 14 grueling rounds, Frazier's trainer Eddie Futch refused to allow Frazier to continue, and Ali left the winner by TKO.

By 1982, Welch had managed to disassemble much of the earlier and successful management put together by Jones, most notably Douglas Moore, Vice-President of Marketing and Public Relations and previously general counsel of the lamp division in Cleveland, Ohio. This fight surpassed their earlier bouts and became one of the most well-known heavyweight fights ever. Jones. In 1975, Ali defeated Joe Frazier once more in the Thrilla In Manila in the Philippines. Welch became GE's youngest chairman and CEO in 1981, succeeding Reginald H. As a result of this fight, he was awarded the 1974 Hickok Belt as top professional athlete of the year and Sports Illustrated magazine's "Sportsman of the Year" award. He moved up the ranks to become senior vice president in 1977 and vice chairman in 1979. Foreman kept advancing, but his blows were much less effective, and near the end of the eighth, Ali's right hand finally sent the exhausted Foreman to the floor.

Welch was named vice president of GE in 1972. By the end of the sixth round, Foreman had punched himself out, and Ali was able to attack a little more. "But then he said to me--and this is vintage Jack--'I'm still going to have the party because I like parties, and besides, I think they have some little presents for me.'" Some 12 years later, Welch would audaciously write in his annual performance review that his long-term goal was to become CEO ([1] (http://www.businessweek.com/1998/23/b3581001.htm)). The fight was held in Zaire and promoted by Don King as "The Rumble in the Jungle." In the October 30, 1974 bout that would cement his reputation as "The Greatest", Ali boxed his best tactical fight. Leading with his "wrong" hand and playing "rope-a-dope" by leaning far back on the ropes (that had supposedly been loosened by Dundee), Ali absorbed everything Foreman could throw at him, whilst only occasionally throwing counter-punches. "It was one of my better marketing jobs in life," recalls Gutoff. Foreman was the heavy favorite. "I'm glad to be on trial," Gutoff said. "To try to keep you here is important." At daybreak, Welch gave him his answer. The incumbent, George Foreman, was a large, hard-hitting, undefeated young fighter who had previously demolished Frazier, KO'ing him in the second round of their championship fight.

"As long as I am here, you are going to get a shot to operate with the best of the big company and the worst part of it pushed aside." "Well, you are on trial," retorted Welch. He began to study the Qur'an and converted to Sunni Islam, rejecting the teachings of the Nation of Islam. "Trust me," Gutoff remembers pleading. Ali's religious views also changed with time. Gutoff vowed to work to change the bureaucracy to create a small-company environment. Ali split two bouts with Ken Norton before beating Frazier on points in their 1974 rematch to earn another title shot. He took Welch and Welch's former wife Carolyn out to dinner at the Yellow Aster in Pittsfield, and spent four hours trying to convince Welch to stay. The fight lived up to the hype, and Frazier punctuated his victory by flooring Ali with a hard left hook in the final round.

However, Reuben Gutoff, a young executive one level higher than Welch, decided that the man was too valuable a resource for the company to lose. This fight, known simply as "The Fight," was perhaps one of the most famous and eagerly anticipated bouts of all time, since it featured two skilled, undefeated fighters, both of whom had reasonable claims to the heavyweight crown. He planned to leave the company to work with International Minerals & Chemicals in Skokie, Illinois. In 1970, granted a license to box once more following his Supreme Court victory wherein he was granted his right to refuse military service, he began a comeback. But he suffered a setback when he lost his 1971 title fight, a bruising 15-round encounter with Joe Frazier at Madison Square Garden. Welch was displeased with the $1000 raise he was offered after his first year, as well as the strict bureaucracy within GE. Ali seemed at times to even provoke such reactions, with viewpoints that wavered from support for civil rights to outright support of racial separatism. He worked as a junior engineer in Pittsfield, Massachusetts, at a salary of $10,500. Appearing at rallies with Nation of Islam leaders Elijah Muhammad and Malcolm X and declaring his allegiance to them at a time when mainstream America viewed them with suspicion—if not actual hostility—made Ali a target of outrage and suspicion as well.

Welch joined General Electric in 1960. Ali's actions in refusing military service and aligning himself with the Nation of Islam made him a lightning rod of controversy, turning the outspoken but popular former champion into one of that era's most recognizable and controversial figures. and Ph.D at the University of Illinois in 1960. The sentence was overturned on appeal three years later. He went on to receive his M.S. It was in this same year he refused to serve in the American army during the Vietnam War as a conscientious objector, famously saying that he "got nothing against no Viet Cong" and "No Vietnamese ever called me a nigger." He was stripped of his championship belt and his license to box and sentenced to five years in prison. He attended Salem High School and later the University of Massachusetts, graduating in 1957 with a Bachelor of Science degree in chemical engineering. He knocked out the challenger in Round 7.

Welch was born in Peabody, Massachusetts to Irish-Catholic parents John, a Boston & Maine Railroad conductor and Grace, a housewife. He showed what a breathtaking fighter he was by throwing every punch sharply and on target. John Francis "Jack" Welch Jr. (born November 19, 1935) was CEO of General Electric between 1981 and 2001. He kept taunting the challenger throughout the fight and many called his treatment cruel and brutal. Ali's fight with the 35 year old Folley is regarded by many as his finest performance in the ring. Even though the fight went to a decision, Ali delivered a horrible beating and won every round. Terrell had refused to acknowledge Ali's name and the champ vowed to punish him for this perceived insolence.

In February and March of 1967, Ali faced Ernie Terrell in the Astrodome and Zora Folley at Madison Square Garden. Many felt he would give the champion a tough battle, however Ali easily knocked him out in the third round. Williams had one of the highest knockout percentages in history and has often been ranked as one of the finest fighters who never won a title. In November 1966, Ali returned to the United States to face Cleveland "Big Cat" Williams in the Houston Astrodome.

In one of his tougher fights, Ali finally won by knockout in Round 12. He traveled to Germany next to face southpaw Karl Mildenberger (who was the first German to fight for the title since Max Schmeling). Ali won both fights by knockout. Ali then traveled to England to face "British Bulldog" Brian London and Henry Cooper (who had knocked him down in their initial 1963 match).

No other champion has had that many defenses in only a year. In March 1966, he won a unanimous decision over tough Canadian champion George Chuvalo (who was never knocked down in his career). In a period of a year he defended his title seven times. 1966 and early 1967 were a busy time for the champion. In between the two matches, he also became famous for other reasons: he joined the Nation of Islam and changed his name to Muhammad Ali, although only a few journalists (most notably Howard Cosell) accepted it.

The referee stopped the fight in Round 12 after Patterson had taken a horrible beating. That November, Clay met and defeated former champion Floyd Patterson. He would reconfirm his abilities when he knocked out Liston in the first round of their rematch in Lewiston, Maine on May 25, 1965, albeit controversially, as few observers saw the "phantom punch" that floored Liston. Clay was duly crowned the heavyweight champion of the world.

Clay leapt out of his corner, proclaiming himself "King of the World" and demanding the writers eat their words. That came before the seventh, when Liston retired on his stool, later claiming his shoulder had become dislocated. Partially sighted, Clay was able to keep out of range, and by the fifth and into the sixth, he was looking for a finish. It is unknown whether this was something used to close Liston's cuts or applied to Liston's gloves for a nefarious purpose.

Liston regained some ground in the fourth, as Clay was blinded by a foreign substance. By the third, Clay was clearly on top and had opened a large cut under Liston's eye. As early as the third round, Liston began to visibly tire, and Clay took full advantage, landing several heavy punches. In the opening rounds, Clay's speed, greater even than his idols, Sugar Ray Robinson and Archie Moore, kept him away from Liston's powerful head and body shots, as he used his height and reach advantage to effectively counterpunch with the jab.

Misreading Clay's exuberance as nervousness, Liston was over-confident and unprepared for any result but a quick stoppage. Clay, however, had a plan. The date was fixed for February 25, 1964; during the weigh-in, the boisterous Ali declared that he would "float like a butterfly, sting like a bee." [1] (http://www.jamescampion.com/ncnali.html). Almost no one gave the young boxer a chance of beating Liston.

Liston was greatly feared, and some have said that he was the Mike Tyson of his era. Cassius became the number one contender for Sonny Liston's title. Among Clay's more impressive victories were against Sonny Banks (who knocked him down earlier in the bout), Alejandro Lavorante, and Archie Moore (a boxing legend who had won over 200 previous fights). He defeated such boxers as Tony Esperti, Jim Robinson, Donnie Fleeman, Duke Sabedong, Alonzo Johnson, George Logan, Willi Besmanoff, and Lamar Clark (who had won his previous 40 bouts by knockout).

From 1960 to 1963, the young fighter amassed a record of 19-0 with 15 knockouts. He won a six-round decision over Tunney Hunsaker, who was the police chief of Fayetteville, West Virginia. In Louisville on October 29, 1960 Cassius Clay won his first professional fight. He boisterously sang his own praises, with sayings like "I am the greatest" and "I'm young, I'm pretty, I'm fast, and no one can beat me.".

He made a name for himself as the "Louisville Slugger" by composing poems predicting in which round he would knock out his opponent. He then turned professional under the tutelage of boxing legend Angelo Dundee and quickly became famous for his unorthodox style, his spectacular results, and his tireless self-promotion (the latter inspired in part by professional wrestler Gorgeous George and singer Little Richard). At the 1960 Summer Olympics in Rome, he won a gold medal as a light heavyweight boxer. Presciently, his principal announced during a staff meeting about the issue that Clay would someday be "this school's claim to fame." Clay later joked about his lackluster academic record saying, "I said I was the Greatest, not the smartest.".

A low achiever academically, Clay won six Kentucky Gold Gloves while at high school and was allowed to graduate despite his poor grades. Martin suggested that Clay learn to fight; under his guidance, Clay rapidly advanced through the youth ranks. At age 12, he had his bicycle stolen, and reported the fact to a local policeman (and boxing trainer), Joe Martin. Clay, was born in Louisville, Kentucky.

Clay, named after his father and Kentucky abolitionist Cassius M. He is also considered by many to be one of the greatest athletes of the 20th century. He was one of the world's greatest heavyweight boxers, as well as one of the world's most famous individuals, renowned the world over for his boxing and political activism. Muhammad Ali-Haj (born January 17, 1942 as Cassius Marcellus Clay Jr.) is an American boxer.

I Am the Greatest: The Adventures of Muhammad Ali, an animated television series. When We Were Kings (filmed 1974, released 1996, documentary about the "Rumble in the Jungle" by filmmaker Leon Gast.). Ali (2001, directed by Michael Mann, starring Will Smith). The Greatest (1977, starring Ali as himself).

King Of The World, by David Remnick — An account of Ali's rise to greatness, focusing on the two fights with Sonny Liston. ISBN 0071395881. Sting Like a Bee, by Jose Torres (with significant contributions from Bert Randolph Sugar and Norman Mailer). Ali also refereed the main event at Wrestlemania I in 1985.

The match was declared a draw. wrestler match against Antonio Inoki in June 1976 in Budokan Hall in Tokyo, Japan. Ali had a boxer vs.