The man who broke capitalism : how Jack Welch gutted the heartland and crushed the soul of corporate America--and how to undo his legacy Cover Image

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 / David Gelles.

Gelles, David (Business journalist), (author.).

Summary:

"In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welch's achievements didn't stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GE's stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day."--Amazon.

Record details

ISBN: 9781982176440
ISBN: 198217644X
Physical Description: 264 pages ; 24 cm
Edition: First Simon & Schuster hardcover edition.
Publisher: New York : Simon & Schuster, 2022.
Copyright: ©2022

Content descriptions

Bibliography, etc. Note:	Includes bibliographical references (pages 235-249) and index.
Formatted Contents Note:	Introduction -- The most valuable company in the world -- Neutron Jack -- That's why they got hired -- The GE glow -- Rotten apples -- Bad trades -- Negative externalities -- Beyond Welchism.