Jack Welch, famed former CEO of General Electric (GE) has said that Mitt Romney is the most qualified leader to run for president in his lifetime. (For those who are counting, that comes to 76 years!). He said this on CNBC’ s Squawk Box that aired very early on 9 January. I heard him explain his reasoning on Piers Morgan’s show on CNN later that same day.
Interestingly, this opinion has not shown up in a lot of places in the media. In fact, searching for it just now, the first and one of the very few references came from Mitt’s campaign site, MittRomney.com NewBusters, which made available a shortened version of the CNBC interview. Despite their recent, blatant promotion of Gingrich, Newsmax also covered the story, however.
Why is Jack Welch’s opinion important? In contrast with the current state of affairs at GE, During Jack Welch’s time there, the value of the company “rose 4000% and was the most valuable company in the world for a time.” Compare that with what has happened to GE under the current CEO, Jeffrey Immelt. Immelt, a close confidant to President Obama’s has presided over a 60% drop in the market share price of GE, which has coincedently found a way to stop paying Federal taxes. Welch is also a well-published author (Straight From The Gut and Winning, with his wife Suzy). His wife,like Mitt, is a top graduate (top 5% of her class) from the Harvard Business School, and worked with Mitt at Bain & Company. All of this leads me to believe that Welch is most certainly on to something.
Given Welch’s assessment as well as my own knowledge of Mitt’s success, I have puzzled a great deal on where Mitt stands in this year’s Republican Primary. I have had a serious problem, given Mitt’s accomplishments, trying to figure out how to explain the opposition he is receiving from several quarters. I have finally come up with a list of five categorized that I think might explain a lot of what we are seeing:
- Right Wing Ideologues and Zealots
- Evangelical Christians (Some? Many?)
- Money-Minded Media Minions
- The Insecure Among Us
- A Category of People Yet to be Named…
In the next installment on this topic I will explain these categories and provide examples of each. As Drudge says: Developing…