Founder and CEO
Summary: On Sunday, March 1 2020, Jack Welch, CEO of General Electric for 20 years, passed away with his family around him. Jack Welch is an icon inspiring countless people and businesses around the world. As CEO of General Electric, he provided one of history's best examples of how to run a successful and honest business.
It is important that we learn from an impressive person as Jack Welch. He showed us that leaders must communicate a company's goals and mission clearly, and promote and reward the employees who drive the company towards these goals. As CEO of GE, he focused on rewarding initiative and passion, and fighting bureaucracy and inertia. He insisted that all companies must face reality with honesty and focus - although the conclusions from reality may not be convenient. One of Jack Welch's most important insights is that you should strive to become the very best at what you do or simply shut down. That kind of ambition and realism drives the world forward. "Control your destiny, or someone else will" is one of his famous quotes - an important point that has certainly not become less relevant at a time of massive upheaval in our society and business.
Jack Welch was a prominent person who executed a fundamental turnaround of GE, and that, of course, drew admirers and critics alike. While some might disagree with his methods and goals, there can be no disagreement that he stood for integrity and communicated decisions openly and honestly. In the 20 years he headed General Electric, the company's value multiplied from $ 12 billion to $ 410 billion. GE's performance under Jack Welch's leadership speaks for itself, and he has inspired a whole generation of skilled GE executives and employees who have moved on to delivered great results in other companies as well.
We had the great pleasure and honour of Jack Welch visiting Saxo Bank in 2006. He made a positive and lasting impression on all of us, and has been a major influence on our culture. I greatly admire his ability to build a healthy culture around openness, honest feedback and rewarding hard work. Saxo Bank would not be Saxo Bank without Jack Welch's inspiration.
We therefore often give Jack Welch's book "Winning" to employees and partners. I think everyone can find great inspiration in his thoughts centering around honesty and productivity.
Tell the truth and be productive. Aim to be the best at what you do. We can all learn from this and I am sure it will only become even more relevant in the coming years.
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy
