Jack Welch’s focus on maximizing shareholder value reshaped American business through layoffs, outsourcing, offshoring, acquisitions, and buybacks.
His management style influenced industry leaders like Boeing, leading to safety compromises when employees prioritized stock price over quality.
Welch’s high executive compensation set a precedent for skyrocketing CEO pay and growing economic inequality.
His policies contributed to hollowed-out communities, stagnant wages, and weakened infrastructure funding.
The book advocates shifting toward stakeholder capitalism with fairer wages, benefits, equity sharing, and ending destructive practices like stack ranking.
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