Jack Welch Quits Fortune, Reuters After His Demented BLS Tweet Gets Criticized

[TroyD]

10/09/2012

While Welch won some support from the right-wing fever swamp, most rational observers saw the remarks as listing toward a certain dementia, and before long, he was doing a semi-backtrack in line with the precepts of Lean Six Sigma. On Sunday, Welch returned to Twitter (in for a penny, I guess!) to say, "Have never commented on White House in any tweets I can recall." Which, I guess exposes the fact that Welch is now having a problem with object permanence.

Well, all of the criticism has apparently gotten to Welch, and now he will, in a fit of pique, take his leave from Fortune magazine and Reuters, where he had previously been a contributor. As Fortune's own Stephen Gandel reports:

Welch said he will no longer contribute to Fortune following critical coverage of the former CEO of General Electric, saying he would get better "traction" elsewhere. On Friday, Welch suggested that the Obama administration, calling them "these Chicago guys," had manipulated the monthly jobs report in order to make the economy look better than it actually is just weeks before the election. Welch has been battered by criticism since making the suggestion on Twitter.

Welch apparently ended up at odds with various journalistic institutions that placed a higher premium on providing readers with objectively rational information about the economy, as opposed to flattering an old executive who sows derangement on the Internet. According to Gandel, Welch did not take kindly to a CNN Money piece that criticized Welch's original tweet, and was further angered by a Fortune piece, "detailing Welch's record as a job destroyer."

http://www.huffingtonpost.com/2012/10/09/jack-welch-quits-fortune-reuters_n_1951781.html

[Laurian]

1. Thin skinned old fart, isn't he?

[aletier_v]

2. Labeled a "job destroyer"? From Fortune?

Wow. Add in the Darden restaurant gambit of part-time employees and America is close to finally realize that... yes... there is only a finite amount of work, Virginia.

[leftindependentlatin]

3. ha

[Cha]

4. Wonder if he wishes he would have just stfu about

"the Chicago guys"?

[adicortez]

5. No credibility

So let me get this right: he doesn't have any proof that the job numbers are bogus, a reliable contrasting report, or any evidence to contrary? Ok I believe him.

[davidpdx]

6. Tweety pressed him pretty hard and kept asking Welch over and over again

with him flat out denying it. He is a liar just like Romney and Ryan.