The Oracle Of Corporate America: Is Jack Welch Still Prophesying?

Webjack welch, who has died at the age of 84, was one of america’s most influential managers and an embodiment of the past century’s “cult of the ceo”. Webformer ge ceo jack welch left a management legacy that permeates the top ranks of corporate america to this day. Webin gelles’ new book, the man who broke capitalism:

Webthe man who broke capitalism: How jack welch gutted the heartland and crushed the soul of corporate america—and how to undo his legacy. Webas corporate america mourns his death on march 1st, aged 84, the company he reinvented is itself struggling to keep up with the times. Webin 2018, with all of welch's bad decisions catching up with the company, ge was removed from the dow jones industrial average, the bluest of blue chip indexes. Webhis successor, jeffrey immelt, took the blame for essentially following welch's lead. Because welch was so idolised, the path he trod. He championed risky financial ventures and acquisitions, which his successor then.

Webhis successor, jeffrey immelt, took the blame for essentially following welch's lead. Because welch was so idolised, the path he trod. He championed risky financial ventures and acquisitions, which his successor then. Webso when jack welch took over the ge corporation in 1981 and ran it for 20 years, you say he forced a lot of downsizing, a lot of layoffs, a lot of outsourcing.