📖 The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America―and How to Undo His Legacy by David Gelles, published on May 31, 2022. 478 rating on 2022.8.27 on Amazon. 👍
Jack Welch (1935-2020) was once the Manager of the Century, who was celebrated and emulated. Much of his ‘success’ at GE was financial engineering 金融工程. And many of his disciples ran the shiny ✨ companies to the ground,
Home Depot Bob Nardelli
Boeing James McNerney
… the list is long.
We suffered keenly, from Home Depot to Boeing.
The main street got to know him was when he got involved with the young editor who went to interview him for a cover story for HBR. He divorced and married her shortly after.
Immelt succeeded him at GE in 2001, four days before 9/11.