The Man Who Broke Capitalism
The Man Who Broke CapitalismHow Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America and How to Undo His Legacy Author: David Gelles amazon.comempik.com David Gelles’ The Man Who Broke Capitalism resonated with me on multiple levels, as both an employee and an investor. Working in a company recently acquired by private equity funds, I see firsthand the same profit-maximizing tactics Jack Welch pioneered at General Electric. The relentless drive to squeeze margins, cut costs, and justify layoffs under the guise of efficiency feels eerily familiar. Having just survived my company’s first round of layoffs - an unprecedented event in our history - I can’t help but notice how our use of the vitality curve external link mirrors the logic Welch popularized. What once seemed like a system for rewarding performance now feels like a mechanism priming us for workforce reductions. ...