Former GE CEO Jack Welch hospitalized
"Jack Welch was admitted to New York Presbyterian Hospital on July 5 with a bacterial infection," his office said in an e-mailed statement. "He is expected to fully recover."
The 73-year-old executive led GE from 1981 through 2001 and picked the largest U.S. conglomerate's current chief, Jeff Immelt.
Welch, the author of several books on management, including "Winning," earned the nickname "Neutron Jack" early in his tenure for his aggressive restructuring actions. During his time as CEO the company's revenue grew from about $26.8 million to nearly $130 billion and its market value surged from $13 billion to several hundred billion dollars.
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WINNIPEG - The board of Manitoba Hydro is being reminded it can divvy up some of the utility's work to subsidiaries — which the NDP is decrying as a step toward privatization.
A sentence seemingly granting the board permission to create subsidiaries was included in the board's new terms of reference, which the NDP raised during question period Wednesday.
The document also eliminated references asking Manitoba Hydro to keep electricity rates low and supply power in an environmentally-friendly fashion.
NDP raises spectre of Manitoba Hydro's privatization with new CEO
"They're essentially taking the heart out of Manitoba Hydro," NDP leader Wab Kinew said.
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