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Today’s episode is with David Gelles, a business journalist and author of the new best-selling 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.
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 our discussion we will explore how former GE CEO Jack Welch fundamentally altered capitalism with his ruthless focus on short-term profits over people. While some people consider Jack Welch to be one of the world’s greatest leaders and CEOs, others think he did far more harm than good.
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