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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 Full Page
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New York Times reporter and ?Corner Office? columnist David Gelles reveals legendary GE CEO Jack Welch to be the root of all that?s wrong with capitalism today and offers advice on how we might right those wrongs.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. Gelles chronicles Welch?s campaign to vaporize hundreds of thousands of jobs in a bid to boost profits, eviscerating the country?s manufacturing
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