Winning in private equity

Jack Welch doesn't need an introduction. One of America's most revered managers, he spent 20 years at the helm of General Electric, the gravitydefying conglomerate which under his tenure grew into the world's most valuable company. In 2001, Welch became a private equity executive when he joined Clayton, Dubilier & Rice as a special partner. Currently promoting his new book, entitled Winning*, he took time out in May to talk to Philip Borel about private equity's role in industry today.