I’m not Jack Welch’s biggest fan. For one thing, he invented the “rank-and-yank” HR policies that literally decimate companies. I don’t disagree with the idea that companies would improve their health by letting go 5-10 percent of their people per year, but I think the discovery process involved is impossible and often politically toxic. There is, however, one thing he’s said that I think has a lot of value: “A players hire A players; B players hire C players“. His point is that if you have mediocre management, you’ll actually end up with terrible employees. I would say it’s not limited to hiring only. A players make more A players. They teach each other how to be better. Not only that, but they raise the potential for what an A player can do. B players don’t have the foresight or “ownership” mentality to mentor others, and produce non-productive C players.