United for Fair Economy, an advocacy group, described Welch's feudal wealth this way: If Mr. Welch's $83 million total compensation in 1998 were represented by the height of the Empire State Building, how tall would the buildings represented by other GE workers be? The typical factory worker, earning $40,000 a year, would be represented by a building just eight inches tall. A well-compensated General Electric manager, earning $100,000 a year, would be represented by a building less than two feet tall. Considered globally, a typical employee working in a GE factory in Mexico and making $4,500 a year would be represented by a building less than one inch tall- smaller than an anthill.
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About Jack Welch
Jack Welch was a 20th-century American business executive. John Francis Welch Jr. was an American business executive. Read more on Wikipedia →