The Oracle Of Corporate America: Is Jack Welch Still Prophesying? - forums
Webin gelles’ new book, the man who broke capitalism:
How jack welch gutted the heartland and crushed the soul of corporate america—and how to undo his legacy.
Webas corporate america mourns his death on march 1st, aged 84, the company he reinvented is itself struggling to keep up with the times.
Webthe man who broke capitalism:
He championed risky financial ventures and acquisitions, which his successor then.
Because welch was so idolised, the path he trod.
How jack welch gutted the heartland and crushed the soul of corporate america―and how to undo.
Webin 2018, with all of welch's bad decisions catching up with the company, ge was removed from the dow jones industrial average, the bluest of blue chip indexes.
Webformer ge ceo jack welch left a management legacy that permeates the top ranks of corporate america to this day.
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Webso when jack welch took over the ge corporation in 1981 and ran it for 20 years, you say he forced a lot of downsizing, a lot of layoffs, a lot of outsourcing.
Webhis successor, jeffrey immelt, took the blame for essentially following welch's lead.