“Former General Electric C.E.O. Jack Welch is not exactly known for his missed opportunities,” Emily Jane Fox reports for Vanity Fair. “The legendary businessman sat at the helm of one of the country’s most iconic companies for nearly a quarter century, and during that time, GE’s value rose 4,000 percent, as a result of Welch’s constant acquisitions and relentless cost-cutting.”
“But Welch’s record is allegedly marred by one huge black mark,” Fox reports. “According to a new memoir from Bob Wright, the longtime head of NBCUniversal who worked alongside Welch, the executive passed up the chance to buy Apple for a bargain basement price. Wright told the New York Post that then – Apple chief Michael Spindler approached GE in 1996, as the tech giant struggled to regain its footing in the absence of Steve Jobs, handing Welch the opportunity to buy Apple for $2 billion.”
Read more in the full article here.
MacDailyNews Take: If GE had acquired Apple, the company currently wouldn’t even be worth 2-cents.
Without Steve Jobs, there would be no Apple today.
Thankfully, Welch walked away.