CRITICAL -- LOOK AT MY FAMILY,
THE SUNDAY AFTER LUNCHES WITH
GRAVY.
>> LET ME ASK YOU ONE OF THE
THINGS I LOVE ABOUT YOU AND
YOUR CAREER, ARE PRINCIPALS
LOYALTY YOU MENTIONED BEING
MARRIED 63 YEARS.
>> 61 YEARS --
>> WE -- YOU HAVE TOUGH
SITUATIONS IN YOUR LIFE YOU
HAD TO STAND ON PRINCIPLES THE
BOARD OF NEW YORK CITY HAD TO
FIGHT ELIOT SPITZER TOOK A
STAND FOR DICK GRASSO TOOK A
STAND ON GE BOARD TO HELP JACK
WELCH BUILD ONE OF THE
GREATEST COMPANIES IN THE
WORLD.
>> GE IS ABSOLUTE TRAGEDY MOST
VALUABLE CORPORATION IN THE
WORLD 18 YEARS AGO, NOW
STRUGGLING.
YOU KNOW -- LET ME GO BACK TO
GRASSO FOR A MINUTE.
I LOVED DICK, DICK A VERY
CLOSE FRIEND MY STAND IN THAT
CASE WAS NOT BASED ON MY --
LOYALTY TO DICK IT WAS BASED
ON MY KNOWING BELIEVING MY
JUDGMENT DECIDING WHAT THE PAY
PACKAGE SHOULD BE I BELIEVED
IT THEN NOT BACKING AWAY.
>> PRINCIPLES YOU HAD TO STAND
UP TO ELIOT SPITZER.
>> A SENSE I GOT STOOD ME IN
GOOD INSTEAD MANY YEARS I HAD
A SENSE ELIOT SPITZER WAS EVIL
MAN I DIDN'T REALIZE HOW EVIL
ONE OF THE THINGS I SAW WAS
HOW HE WON'T ONLY DESTROYED
CAREERS OF YOUNG PEOPLE FOR
HEADLINES FOR HIMSELF YOU GOT
TO TAKE A STAND WITH US IN A
WHILE YOU GOT TO BE COUNTED
SOMETIMES IT IS PAINFUL, IT
HAPPENS I WILL LET YOU IN ON A
LITTLE SECRET I WAS LOVING
EVERY MINUTE OF THAT FIGHT FOR
A LOT OF REASONS NOT THE LEAST
THE I KNEW WOULD PREVAIL A
INSURANCE PAYING LEGAL BILLS
LET PARTY GO ON.
>> YOU HAD PRINCIPLES THAT YOU
KNEW WHAT WAS RIGHT AND WRONG.
>> ABSOLUTELY.
>> IN TERMS OF GE WILL GE COME
BACK.
>> NOT AS IT WAS.
JACK WELCH, WITHOUT QUESTION,
WITHOUT QUESTION, IS ONE OF
THE GREATEST BUSINESSMEN NOT
ONLY THAT I HAVE KNOWN BUT I
THINK IN THE HISTORY OF
AMERICAN BUSINESS.
CH HE HAD A GREAT KNAI.
CH HE HAD A GREAT KNAI
CH HE HAD A GREAT KNI.
CH HE HAD A GREAT KNI
CH HE HAD A GREAT K
CH HE HAD A GREAT KN
CH HE HAD A GREAT KNKN
CH HE HAD A GREAT KNKNAC
CH HE HAD A GREAT KNKNACK.
>> EBERSOL --
>> -- I WAS AT NBC, GE COME
ON.
>> JACK GREAT SUPPORTER.
>> JACK HAD THIS -- HE ALSO
HAD A SIXTH SENSE WHERE HE
WANDS TO BE AS A BUSINESSMAN
HE DID IT RIGHT.
MARIA: JUST TURNED THINGS
AROUND --
>> I SAID, IN RETROSPECT I
LOOK BACK, APPEARS TO ME THAT
JEFF'S GOAL WAS UNJACK GENERAL
ELECTRIC IT IS A TRAGEDY LAST
COUPLE WEEKS AGO A STORY IN
JOURNAL ABOUT A MAN WORKED IN
A APPLIANCE FACTOR GE
APPLIANCE FACTORY IN ILLINOIS
HOW HE PUT MONEY AWAY THROUGH
YEARS.
>> NOW NEVER SAW THEM NOW
RETIRED, GOING TO HAVE TO GO
BACK TO WORK BECAUSE SHARES
HAVE GONE DOWN BY THREE
QUARTERS.
A TRAGEDY, THE GUY 65 OR 730
WHATEVER OR 70 FIGURING OUT TO
PUT BREAD ON THE TABLE THE
PEOPLE PEOPLE LIKE ME AND,
PEROT MITCH HEARTIN NAME IT
THE PEOPLE WE HAVE TO BE SURE
COME TO THE PARTY.
IF WE GET TO COUNT IF WE ARE
GIFTED WITH OPPORTUNITIES WE
HAVE GOOD LUCK, WE GOT TO MAKE
SURE THE PARTY IS
ALL-INCLUSIVE, THAT HELPS THE
INCOME INEQUALITY GAP.
>> WHAT YOU HAVE BEEN DOING
LAST WEEK ORIENTATION I GUESS
SPONGE REVENUE.
>> REVENUE, ONE THE WEATHER WE
HAD.
MARIA: THAT IS --
>> I THINK WHAT EXCITES ME
ABOUT PEOPLE THE MANAGEMENT
WHO BIVERY BEST EVER IN THE
HISTORY OF THE COMPANY RUN
BETTER NOW THAN BEFORE THEY
WERE ABLE TO MANAGE, 80,000
PEOPLE PART-TIMERS, AND FULL
TIME YOU TELL SOMEBODY GOING
TO WORK THIS WEEKEND FIND OUT,
THEY -- MAY WANT TO WORK BUT
GOING TO RAIN YOU GOT TO
MANAGE THAT COST THEY HAVE
DONE A MASTERFUL JOB AT THAT.
HOW COULD I NOT LOVE HOME
DEPOT.
>> WE ALL LOVE HOME DEPOT.
JOB, THOSE ARE EXCITING TO ME
I GO FROM THERE.