Jack Welch Quits Fortune, Reuters

Ex-GE chief got slammed for his jobs report tweet

Jack Welch has quit writing for Fortune and Reuters after the news outlets piled on him for suggesting that the Obama administration cooked the monthly jobs report for political gain.

The critics pounced, among them Fortune managing editor Andy Serwer, who contradicted Welch’s claim on MSNBC’s Morning Joe and Fortune corporate sibling CNNMoney ran a story today slamming Welch's own job record while running GE. Reuters posted a story Oct. 5 quoting money manager Barry Ritholtz as saying Welch’s comments were “hilarious,” referring to allegations that Welch himself tried to manipulate GE’s earnings. 

Afterwards, Welch informed Serwer and Reuters editor in chief Steve Adler that he and his wife Suzy Welch, a former Harvard Business Review editor, were terminating their contract with the news outlets. According to Suzy Welch, their decision had nothing at all to do with the coverage—they just didn’t think their columns were getting enough traction.

Presumably, Welch still has Donald Trump in his corner.

Publish date: October 9, 2012 https://stage.adweek.com/digital/jack-welch-quits-fortune-reuters-144331/ © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT