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Jack Welch's New Squeeze -- and His Downfall

 
>Jack Welch's new squeeza


By: Alec Hogg

 

Posted: 2002/03/13 Wed 13:00  | © Moneyweb 1997-2002

What is it about chunky, blue-eyed middle-aged gents that turns some tough female journalists to jelly? Jani Allan, at the time South Africa’s leading columnist, risked (and lost) her platform when falling for the dubious charms of one of her interviewees, AWB Leader Eugene Terreblanche. Now the editor-in-chief of the prestigious Harvard Business Review has been forced to resign after admitting to bedding one of her subjects, 66 year old Jack Welch, former chairman of General Electric who is now almost as famous for his best-selling biography “Jack”.

Welch’s soon to be ex-second wife Jane (49) whom he married in 1989, is not amused. She is suing for divorce, has hired one of New York’s top lawyers and according to those in the know, looks like landing a big chunk of her husband’s vast fortune. According to the London Financial Times, his outstanding stock options in GE alone are worth over US$900m (R10,5 bn). A big plus factor for Mrs Welch is the recent expiry of the once happy couple’s original pre-nuptial contract.

Welch’s new sweetheart, attractive divorcee Suzy Wetlaufer (42), is a mother of four. There’s obviously plenty of passion between two as she says the affair, which started last November is still going strong. It began after she interviewed Welch for a story. Wetlaufer, herself a Harvard MBA graduate (class of 1988), resigned from the editorship of the Harvard Business Review on Friday, a position she has held for the past 17 months. But the now “out of town” journalist will not leave the publication, returning for duty next month as editor-at-large – an appointment which spurred two of the senior editors to resign in protest.

Where she found the time for the Welch liason, though, is uncertain. In an interview shortly after being appointed the HBR editor, Wetlaufer described her typical day as: “This morning I woke up at 5:45 and got my kids dressed, fed, and ready for school. I drove the carpool for two of them, and I got to the office at 8:00. Since then, I’ve done a little of everything that we do at HBR — I edited; I acquired an article; I spoke with authors; I wrote the beginning of the list article; I did a few employee reviews; I interviewed a candidate for a job. I sang “Down in the Valley” to an editor who is in the thick of a very long piece. A typical day is pretty frenetic and contains a lot of everything, and that is fabulous. It’s the perfect job for me. Never a dull moment. “

The normally media friendly Welch says he has no comment as it’s “a personal matter.”
 


Suzy Wetlaufer
 
 


Comment on this story >

Jack Welch's new squeeza (Alec Hogg)
. . soooo.... ()
. . Sheezzz and I thought I was the only one in her life... first Jani... now.... sob sob... (Entropy)
. . . . Trevor is still there for you.... ()
. . 70 20 10 in a different form maybe ()
. . . . What about 69 ()
. . Howoooooooool! (Fido)
. . Is this site becoming a gossip column - may as well read YOU magazine, is it online ? ()
. . . . ()
. . is this a front page story ?? or just running out of ideas ()
. . no wonder jse decided to open up a fin portal ()
. . . . Jack Welch's New Squeeza (Anon E. Mouse)
. . Wakey Wakey - of course it's relevant (Hannes)
. . . . Follow the sheep - give me something to make money with, not Jerry Springer (Viking)
. . I am sure that Jack was scrupulous in his honesty and integrity in business; especially when making representations to the GE auditors, audit, remuneration, executive committes and of course... (Aroba)
. . . . Isn't Alec chunky, blue-eyed and nearly middle-aged? (Jack)
. . . . . . WOOF (DOG)
. . . . Captain of Industry (J. Bourke)
. . Alec drag yourself out of the gutter for a moment and take a look at your share price ()
. . Jack Jack - costly one - was she worth it - dont think so. ()
. . . . Yikes!!!!!!!! (Ted Nugent)
. . Skande !! (Judge Dread)
. . Stupid Old Fool (Svetlana)
. . Stupid Old Fool (Svetlana)

 
 
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