Get an online MBA from the 'Manager of the Century' - Jack Welch

Getting a degree online still isn't seen as credible as attending a bricks-and-mortar institution, but a legendary CEO wants to change that. Starting next month, you can get an online or in-person MBA that's blessed with the approval of Jack Welch, the former CEO of General Electric. He built GE into the largest company in the world and was named by Fortune as "Manager of the Century." Not a bad guy to pick up a few business tips from, right?

Up until this year, Welch (who doesn't have an MBA himself) has been teaching a group of hand-picked MBA students at the MIT Sloan School of Management. But starting January 4, his Jack Welch Management Institute will be open to MBA students under the shelter of the Chancellor University System LLC in Cleveland, a, little known, for-profit system which was formerly the bankrupt Myers University and is still on probation with education accreditors.

Welch paid more than $2 million for a 12% stake in Chancellor. Why the interest? According to this article in The Chronicle of Higher Education, Welch was swayed by Michael Clifford, Chancellor's leading investor, who told him there needed to be an online business degree called "The Jack Welch MBA."