Former GE exec Jack Welch launches online MBA program

Jack Welch, former CEO at General Electric, has announced plans to start an MBA program based on the business principles he made famous teaching managers and executives in GE's own classroom, BusinessWeek reports. The Jack Welch Management Institute at Chancellor University in Cleveland will officially launch this week, with the first classes starting in the fall. The MBA will be offered almost entirely online. Compared to the $100,000-plus price tag

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