The price of reduced political risk? For General Electric, it’s worth some $6 billion of added market value this morning.
Jack Welch, still a corporate icon even as the luster of the Imperial CEO has dimmed, is getting into online education. The former General Electric chief executive is investing $2 million for a 12 percent stake in Chancellor University, the Wall Street Journal reports. As part of the deal, the school’s MBA program will be named the Jack Welch Institute. Welch and his wife, Suzy, will have some hands-on involvement, helping to recruit faculty and shape the curriculum.