A magazine story with everything

The editorial staff rebels when they learn their editor has “developed a relationship” with the subject of an interview she is preparing with the recently-retired chairman of one of the world’s largest companies. Sex. Betrayal. Ethical delimma. Power. Success. Tragedy. Failure. And the Wall Street Journal, not the New York Post, breaks it.


Mr. Welch says that a “friendship” with Ms. Wetlaufer developed during the course of her story preparation, calling her “quick” and “funny.” He declines to say whether he has ever been romantically involved with Ms. Wetlaufer, saying “I don’t talk about my personal life.” Ms. Wetlaufer, 42 years old, says she is divorced. Mr. Welch, 66, is married.