BUSINESS
07/23/2009 05:12 am ET Updated May 25, 2011

Jack Welch Launching Online MBA Program

Mr. Welch is paying more than $2 million for a 12% stake in Chancellor University System LLC, which is converting formerly bankrupt Myers University in Cleveland into Chancellor University. It plans to offer most courses online. Chancellor will name its Master of Business Administration program The Jack Welch Institute.

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