Ex-GE CEO Welch Quits Reuters, Fortune After Tweet Backlash

Tuesday, 09 Oct 2012 02:35 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Jack Welch, the former chairman of General Electric who sparked an outcry with a tweet last week suggesting the White House manipulated job numbers for political gain, is no longer writing for Reuters or Fortune.

Welch, who co-wrote a column with his wife Suzy Welch, said he is terminating the contract because they could get better "traction" elsewhere, according to Fortune.

Reuters Editor-in-Chief Stephen Adler confirmed the couple will no longer be writing for Reuters.

A spokesperson for Welch declined to comment.

Welch took to Twitter on Friday, after the Labor Department reported that the unemployment rate fell in September to a near four-year low. He alleged that President Barack Obama's administration rigged the numbers.

"Unbelievable jobs numbers ... these Chicago guys will do anything ... can't debate so change numbers," Welch tweeted. Obama formerly served as a senator from Illinois, and his campaign headquarters is in Chicago.

Welch said on Friday he is not "accusing anyone of anything." But he stood by his tweet.

Several news outlets including Reuters, Fortune, Bloomberg, the Wall Street Journal and the New York Times covered the reaction to Welch's jobs tweet.

Welch began writing a bi-weekly column with Reuters in January. Time Warner Inc's Fortune also published the columns.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

UBS Survey: Billionaires Clutching Tight to Their Cash

Monday, 22 Sep 2014 23:44 PM

Billionaires are apparently as nervous about the lofty level of financial assets as average investors. . . .

SocGen's Edwards: 'Next Phase of Currency Wars May Have Begun'

Monday, 22 Sep 2014 12:37 PM

The yen's weakness, which pushed it to a six-year low against the dollar last week, spells danger for the world economy, . . .

Wall St. Cheat Sheet: Americans' Biggest Money Problems

Monday, 22 Sep 2014 14:33 PM

The United States may be pulling through a so-called financial recovery, but many Americans are currently facing common  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved