Running The House That Jack Built

An era is ending. Can anyone replace GE's Welch?

Save one last superlative for Jack Welch. As he prepares to wind up his remarkable 20-year run as CEO of General Electric Co., Welch is obsessed with doing the best job ever of picking a successor. As far back as 1991, he identified this as his most important job and vowed to work on it every day. "He's been talking about it ever since I can remember," says Walter B. Wriston, the former CEO of Citicorp who was on GE's board for nearly three decades.

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