William Cohan relates what former GE CEO Jack Welch says he regrets: “The only time he spoke about his children was when he told me that he ‘loved them to pieces’ but that he had made ‘a mistake’ when he gave each of them a bunch of GE stock when he first became CEO.”
Because the stock had performed well, they each had something like fifty million dollars in company shares. Although two of his four kids went to Harvard Business School and one went to Harvard’s Graduate School of Design, they all quit their jobs, disappointing their father. “They turned out differently than I’d hoped,” Welch tells Cohan. “We’re close. But they got too much money…. If I had to do it all over again, I wouldn’t have given it to them.”
A father reflects, after a lifetime, on his troubled relationship with his children, and concludes that he should have adjusted their compensation.
Give children time (Ephesians 5:16), discipline (Hebrews 12:1–9), education (Proverbs 22:6), love (Titus 2:4), and above all, faith (Deuteronomy 6:6–7).
—Via: fs.blog/brain-food/november-20-2022
“Let the little children come to Me, and do not forbid them; for of such is the kingdom of heaven.” Matthew 19:14
