Saving Private Welch
Newsweek, May, 2000
It's the bane of bosses everywhere: the talented worker who leaves the company, snagged by a competitor. In today's tight job market, it's a vexing problem. But Reuben Gutoff could teach you a few things. In 1961 Gutoff managed a General Electric new chemical business when a promising 26-year-old engineer named Jack Welch, angered over a subpar raise, quit to join International Minerals & Chemicals. Gutoff, now a Manhattan consultant, talked to NEWSWEEK's Daniel McGinn about how he avoided becoming The Guy Who Let Jack Welch Get Away.
MCGINN: When you heard Welch had quit, what did you do? GUTOFF: I got in my Volkswagen Beetle and hustled the 100 miles up to Pittsfield, Mass., where Jack worked. We met behind closed doors. Voices were raised, and the king's English was...
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