It’s almost impossible to overpay the truly extraordinary CEO . . . but the species is rare.
—Warren Buffett
You are what your record says you are.
—Bill Parcells
Success leaves traces.
—John Templeton
Who’s the greatest CEO of the last fifty years?
If you’re like most people, the overwhelming likelihood is that you answered, “Jack Welch,” and it’s easy to see why. Welch ran General Electric, one of America’s most iconic companies, for twenty years, from 1981 to 2001. GE’s shareholders prospered mightily during Welch’s tenure, with a compound annual return of 20.9 percent. If you had invested a dollar in GE stock when Welch became CEO, that dollar would have been worth an extraordinary $48 when he turned the reins over ...
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