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Best-selling author and former GE CEO Jack Welch is the guest for the hour tonight on a live "Piers Morgan Tonight." He'll talk about politics, the economy, keeping America great, Twitter and more.
Speaking of Twitter, send us your questions for Welch on Twitter, Facebook or leave them in the comments here. We'll ask some during the show tonight – live, 9pmET!
Question to Jack Welch:
Given the current free market there is a tendency for large American corporations to move their manufacturing and, even, outsourcing services to other countries. If America is to turn around the continual decline of its middle class, how can this be accomplished if jobs continue to leave this country? If you were President of the United States what would you do?
whats up with miami dade and broward county police killing suspects without useing nessary and proper procedure...Weiner need to go hes a weiner putting his weiner on the net and exposing it to the public...casey anthony needs to be excuited asap SHE DID IT!!! and for Oboma im still waiting on a change i havent had work in two year and everybody still smiling in the white house like everythings ok!!!!!!!!!
Piers, Welch is no authority in the current American policies. He does not know the bigger picture.
Piers Morgan....Very very unfair on Ann Coulter last nite!
Totally unnecessary.. Poor show, sr
Re: Jack Welsh on Steve Jobs and Apple. Apple is such a great company for America that the designers (limited number) are employed here in America where all the manufacturing jobs are in China. This is what is killing America. Jack is wrong. Check out Fareed's special on Innovation. It is spelled out there.
Why don't you ask Jack what he thinks of this?
50 years ago corporations paid about 30% of the nation's tax bill.
Today they pay less than 8%.
He's a culprit, man.
Your discussion with Welch is on it.... lifegenomeproject.com
Why cant the pay be capped on wall street at a significant level to ensure a decent, resepctable livelihood matching global benchmarks, instead of using bonuses? Bonuses could be taxed as windfall profits just like lottery winnings. At least it will keep the culture in line!
Does Jack think the Republican party's answer to more employment is less spending and lowertaxes?
Who cares if the big wigs leave the banks, we have plenty of people who can do their jobs, just waiting to step in. cut the bonuses out. Let the CEOs go more jobs become available.
Does Mr Welch realize that running a country is not like running a corporation ? The government is not a for-profit organization. It has to balance the corporation like needs (which are critical, no doubt) of a country with the needs of the sections of the population that need help ? We cant just 'fire' the bottom 10 % of America .
Please grow some balls to put it bluntly. I hate seeing these business people getting huge bonuses even when they make mistakes. Stand up and say no and you'll lose them yes, but you'll gain self respect, and respect from the public and you'll likely find some other talented people out there that aren't so greedy. When you meet your maker do you think the money and decisions you make here are earth are going to be worth much? Please bring some compassion and value to your decisions.
Hi, just had to say, I never watched Mr,K.. Now that you have Piers on the show, I'm watching every night. He is smart, funny, and asked great questions. I find him to be very interesting. It's about time you saw the light.
Get the money out of politics and then we can have deregulation we can believe in. We can't have honest deregulation while corporations are legally bribing our politicians and public officials.
Here's the double standard. Jack thinks an American union worker is overpaid. Let's let capitalism work. Well the american is trained & good at his job. But when the CEO of Wall Street banker or broker ruins the country, oh we don;t know whether they should get a bonus. The American worker has not destroyed America. The infrastructure of directors, and CEO's, and company boards has ruined the USA. Go down the list, Tyco, Enron, Pfiser, Chrysler, etc, have been mismanaged. The little guy can't control that. The little guy is taxed. Laided off. gone to war. retooled retrained. Listened to all the BS. But end of day the upper ruling class rich class in US have not changed and have gotrten richer. They don't care. In other countries this whole financial crisis would have been a crime against the state. traitors. Outsource CEO's, Doctors, Senators, see what happens
Jack said that the US should avoid foreign income tax. If that is the case what would limit all companies to have their business abroad and only live in the us. Currently 60% of the top us businesses do not pay taxes in the US. Most of their top corporate executives don't either. This is all due to tax loop holes which allowed for off shore companies. Why would we want to give these companies an easy route not to pay taxes here in the us? How much does GE pay in income tax? Does GE have offshore accounts?
In a global economy we need a global business executive to put the USA back in business....
Jack Welch shows leadership at a time we need to UNITE. Divided we fall.
Welch for President ? He makes sense.
With all due respect, Mr. Welch, your response to the question, who would you fire for the our economic problems, lacks your normal honesty. The truth is, lobbiests coerced elected officials to pass laws with regulations favorable to the special interests. The elected officials & regulators they oversee turned a blind eye to it all, therefore our elected officials, who write the laws and are supposed to have oversight should be fired. You know this is true Jack!
I guess Jack was asleep at the wheel in 1986 when he layed off thousands of NBC employees. I guess the out sourcing did count either. The man is BS.
Why are American companies not investing?
Hi Jack – I say you Sunday at graduation ceremonies for Phillips Exeter Academy – you looked great!
When I worked with NYC garment district manufacturers around 1980, they were excited about finding 'off-shore sites' that could produce clothing for a fraction of the cost at American plants. Yet those executives did not want to discuss the details with anyone out of their circles. That pattern of greed and secrecy was the beginning of the end for the average American worker...factories closed as the jobs went overseas. Shame on those who had no conscience!
What critical steps does the United States need to create growth and reduce unemployment....
If you had just graduated with your MBA, what industry would you suggest for employment opportunities, stability, and growth in the future?
Jack Welch is the one who started out sourcing years ago when he sent his G.E workers to India. He created the loss of jobs in this country. He doesn't care about this countries workers he is only interested in making money for himself. He is the last person you should listen to unless you want to see more unemployment.
You have said that Obamacare isn't the answer to healthcare.......what would you do to "fix" healthcare in America?
For Mr. Welch: Sir, do you think that a) the recent $17 billion planned cuts to our Food Stamp program to pass the Obama Jobs Bill and the Childhood Nutrition Act, cuts to milk and food via the WIC program for nursing moms, and no state of our union has a welfare benefit that reaches to even 15% of the poverty line, are negatively affecting our ability to rebound economically? I am convinced that eroding the safety net does negatively affect business–would you start a large business in a community where there was no government committment to meet basic human needs? Hungry people don't make good employees or innovators. Your thoughts? Thanks very much, D.
Please have Jack comment on litigation and product liability in the US!!!
In the discusion about China, the Chinese currency manipulation has not been discussed or mentioned.
The Chinese government dictates their exchange rate.
You can only trade with China if you agree to the Chinese government's exchange rate policy.
As a result, the Chinese people cannot affort to buy products made outside of China, and companies thru out the world are put out of business by cheap Chinese products. Chinese products are only cheap because the Chinese fixi the exchange rate. All the talk about selling products to millions of Chinese is meaningless if the Chinese exchange rate makes it impossible for the Chinese people to buy anything made outside of China. Chinese exchange rates make Chinese products look very cheap in America. This makes it impossible to manufacture prodcuts in this country and compete against cheap Chinese imports. The problem with China is a rigged exchange rate system ... and you guys seem to be ignoring the elephant in the living room.
I watch your show regularly and i have a follow up question for Jack Welch. The bailouts that you were speaking of were unconsionable these greedy sobs should have been allowed to sink or swim on their own. If they would have caused those banks and auto manufacturers to fail others would have taken their place in short order. The question is what are the ethics of these greedy sobs that a bunch of billionaires thought that they could fly down to washington in their gulfstreams and lear jets and ask taxpayers for money ,that they should have had backing up their own bets, and if they bet wrong because of the consequences of their actions should they not have lost their own money? Taxpayers for the most part go to work every day and pay our own bills why should we be forced to care if they go bankrupt? this is outrageous and some of these folks deserve to go to jail for a while.
What does Jack Welsh think of Trade Unions?
Piers, what's up with all the softball questions for Mr. Welch? not your usual inquisitive self! You need to press him on his dismissal of "greed" in the meltdown!
I am halfway through a graduate program in Strategic Leadership. What one word of advice do you have for me when I complete my degree and am ready to get out there an lead and make a difference in this great country of ours?
I have a passion for making a difference and practicing my leadership skills in the best way possible.
Would you agree that companies like GE and Apple could benefit from partnering in joint ventures to develop new technologies and products?
global economy is the reason america is broke....bring all our factors back and start insisting that we are awarded for liberating all these foreign countries and that is the answer to our economic down-fall. Ronald Reagan emplemented this global economy bull crap and it didnt work then and it wont work now!!!! America needs america not global economy...we cant export if we dont make anything to export. About the only thing we export is food grains and we need that for energy not to be given away to counties that have more than we do!!!!! If the United States of America demanded something in return for all the lives and money we spend on foreign soil our citizens wouldn't need welfare and un-employment!!! It is a disgruntling truth that we are one of the pourest countries on the planet, having to borrow money from china is a sad reckoning!!!
Ask Jack about GE profits coming largely from GE Capital. Also what role did GE Capital have in the mortgage crisis, if any?
Jack is so typical of the greed that exists in corporate America yes caterpillar is big in china but it cost America a lot of jobs and plant closures. Just what does jack Put back into America from his 720 million he fought to reduce corporate taxes land the little guy lost out while he says that we would lose executives if we cut bonuses ll yeah like the banks really screwed us over jack is just a lucky guy that doesn't know how he got there or how he got there but thinks his ideas are good for everyone bob
I was interviewed in the mid 1980's by Larry King about the von Bulow follies and I liked him. At first I had doubts about you but the more I see you, the more I like you. Just finished watching you talking with Jack Welch, A great show. I wish I could ask him to replace my darling deceased father. I shall be looking forwards to watching you for a long time.
The Piers Morgan show get better and better!!! Tonite with Welch was great. Very informative. Last night with the unlikeable Coulter was also interesting. Morgan didn't let her get away with her conspiracy theories. She buried herself. Great job.
Speak to the ability of capitalism surviving without personal accountability, fairness and/or plain-out morality
What about Rep Gov Rick Perry of Texas????!!!!!!! For President in 2012!
Piers, you wimp. Neutron Jack just sat there and said he didn't lay off people in response to your question and you didn't blink; you went deaf dumb and blind. here is a fact "Welch and GE were successful economically across the board. However, during his first seven years as CEO, Welch cast off more than 100,000 workers, nearly 25 percent of GE's workforce. The mass layoffs earned Welch the derogatory nickname "Neutron Jack."
I thought you knew how to confront liars, but I was wrong
Mr. Welch on President Obama: “…he has to move to the middle…”
Well, it would be nice if the GOP/TP would move away from the far, far, right! What have they done besides GREED, LIES, and HELL NO? I love the “conservatives” with all the critic and no solutions and all the very old “lines”! That it does not work what they have done they will never admit and Mr. Welch dances around what happened just as much as the rest of the GOP. Not sincere and just all for making the wrong kind of money! It is really ridiculous how little they are willing to take responsibility for what happened. They want to continue “that culture” of all there’s none for the future of the country! One can only admire the President for dealing so politely with that kind of people!
I heard Jack talk about university productivity. In the past week my research on university productivity has been featured in The Wall Street Journal and The Boston Globe. Here are the links:
Way to go, Piers (sarcasm). In reference to the Jack Welch interview, the dumbest thing to ever do is to ask a rich man how to fix the economy. The answer will sound like blah,blah,blah, but it will always mean - To fix the economy, remove all restrictions on my business so I can steal all of the rest of the common man's money.
Regarding Piers Morgan's interview with Jack Welsh, CEO of GE. Welch is the typical CEO of Major U.S. Corporations which are hiring dirt cheap labor in China, India etc. to manufacture their products. Yet Piers Morgan never asked Welsh a single question about Welch's outsourcing U.S. jobs to China to build huge profits at a huge cost to the U.S. middle class.
Morgan practically kissed Welch's ass and his wring as a genius while ignoring the obvious questions to get to the truth of why Welch and G.E. are now experiencing huge profits primarily because of the no brainer of getting dirt cheap labor in China if they could care less about the financial health of Americans.
Steve Jobs for president... Right then he could ship all the manufacturing jobs out the US. Piers please get smart guest then Jack Welch..Out of touch
Mr Jack sounds like he,d make a good president.
Piers your program just gets better and better. Your interview of Jack Welsh was fantastic. What a wise, real life, common sense person he is. I learned much on friday. Thank you. Once again you hit it out of the ball park.
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