'60 Minutes' Interview/
he really say all that?
will Welch's legacy really be?
following excerpts are taken verbatim from an interview with G.E. chairman
John F. (Jack) Welch conducted by '60 Minutes' correspondent Lesley
Stahl, and broadcast on the C.B.S. television network on Sunday evening,
October 29th, 2000:
(Voiceover) "....We asked about a 25-year-old controversy over G.E.
polluting the Hudson River."
all about that company that did something---in the dark of night--- that
The word dump' is used. We didn't dump. We had a permit from
the U.S. Government and the State of New York to do exactly what
we did. Do you think I'd come to work in a company that would do
that, or condone that? I wouldn't do it, Lesley! This is nuts!"
off-camera, as if to an advisor in the same room, Dr. Welch added: "I
hope I didn't get too heated up on that."
in the interview, commenting to Ms. Stahl both on his legacy as his G.E.
tenure draws to a close and upon the cyclical nature of the public's perception
of his business style:
was there---getting beat up and bashed around. You go through cycles---
prince to pig---prince to pig---prince--- I think I'm going to make it
right out the door as prince, I hope, if you don't do something to me."
(To visit the '60 Minutes' Web site and its accompanying
story about Dr. Welch, click
Setting the record straight
about legality of G.E.'s PCB discharges