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Economy

The death of Jack Welch, the executive who multiplied the value of General Electric by thirty

New York /  The American executive Jack Welch, known as “Neutron Jack” for the aggressive management style with which he multiplied the value of General Electric (GE) during the two decades he was in front of him, died Sunday at age 84, he reported the industrial conglomerate.

“Jack was a great figure and the heart of GE for half a century. He remodeled the face of our company and the business world. We will continue to pay tribute to his legacy by doing exactly what Jack would want us to do: win, ”said current CEO (Larry Culp) in a statement.

Welch started at GE as a chemical engineer in 1960, became CEO in 1981 and upon retirement, in 2001, he had multiplied the value of the firm by thirty with a controversial strategy focused on results: he sold the least profitable divisions and urged middle managers to lay off their less productive employees.

In figures, during those two decades Welch made GE go from being valued at 14,000 million to be the largest company in the market, with 410,000 million; closed a thousand sales agreements and, in his first years as CEO, eliminated about 100,000 jobs, according to The Wall Street Journal.

Among the figures that lamented his loss was US President Donald Trump, who considered Welch “a business legend” in a Twitter message: “There was no corporate leader like‘ neutron “Jack. He was my friend and ally. We made amazing deals together. It will never be forgotten. My warm condolences to his wonderful wife and family. ”

In recent years, the executive guru came to declare himself “disappointed” by the future of this company founded in 1892 by Thomas Edison, who felt strongly the impact of the financial crisis of 2008, especially in its GE Capital division, also accentuated for the hidden costs, and that today is going through a complicated restructuring process.

In 2019, GE had losses of $ 5,439 million, substantially less than the previous year, while still focused on boosting its energy division, reducing its debt and generating cash through its jet engine and turbine manufacturing business. Energy. (March 3, 2020, EFE / PracticaEspañol)

(Automatic translation)

Comprehension

Lee la noticia y responde a las preguntas (Read the news and answer the questions)

Congratulations - you have completed Lee la noticia y responde a las preguntas (Read the news and answer the questions).

You scored %%SCORE%% out of %%TOTAL%%.

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Your answers are highlighted below.
Question 1
Principalmente, el texto habla... (Mainly, the text talk about...)
A
de lo que dijo Donald Trump sobre Jack Welch.
B
del fundador de la empresa General Electric.
C
de un importante ejecutivo que falleció hace unos días.
Question 2
En el texto se dice que Jack Welch... (It's said in the text that Jack Welch...)
A
estuvo al frente de General Electric durante 20 años.
B
fue el fundador de General Electric.
C
entró en General Electric cuando esta empresa estaba valorada en cuatrocientos diez mil millones.
Question 3
Leyendo el texto entendemos que... (Reading to the text, we understand that...)
A
el valor de GE aumentó cuando Welch estaba al frente de esta empresa.
B
Welch apenas logró aumentar el valor de la empresa GE.
C
Welch contrató a unos cien mil trabajadores durante sus primeros años como CEO de GE.
Question 4
Según el texto... (According to the text...)
A
Welch solía llamar a Donald Trump "neutron" por su forma de hacer negocios.
B
Donald Trump afirmó que hizo negocios con Welch en el pasado.
C
Welch no estaba a favor de despedir a empleados improductivos.
Question 5
Sobre GE se dice que... (About GE, it's said that...)
A
uno de sus objetivos es reducir su deuda.
B
apenas sintió la crisis financiera de 2008.
C
el año pasado ganó unos cinco mil cuatrocientos treinta y nueve millones de dólares.
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There are 5 questions to complete.

Vocabulary

Congratulations - you have completed .

You scored %%SCORE%% out of %%TOTAL%%.

Your performance has been rated as %%RATING%%


Your answers are highlighted below.
Question 1
"Medio siglo" es lo mismo que... ("Medio siglo" is the same thing that...)
A
"80 años".
B
"50 años".
C
"100 años".
Question 2
Una "década" es lo mismo que... (A "década" is the same thing that...)
A
"10 años".
B
"50 años".
C
"100 años".
Question 3
"Férreamente" significa... ("Férreamente" means...)
A
"muy blando".
B
"duramente".
C
"muy flexible".
Question 4
Si das "tus condolencias" a alguien... (If you give "tus condolencias" to someone...)
A
le estás dando un consejo.
B
le estás dando el pésame.
C
le estás pidiendo un favor.
Question 5
El artículo determinado para 'mensaje' es: (The definite article for 'mensaje' is:)
A
la
B
lo
C
el
Question 6
La escritura correcta de "14.000.000" es... (The correct writing of "14.000.000" is...)
A
"catorce mil".
B
"catorce y mil millones".
C
"catorce mil millones".
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There are 6 questions to complete.

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