Description: About this Item The item is a book Paperback The Author Name is David Gelles The Title is The Man Who Broke Capitalism : How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America-and How to Undo His Legacy Condition New Other Comments Pages Count - 288. Category - Business & Economics Product Description - New York Times BestsellerNew 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 base, and destabilizing the middle class. Welch's obsession with downsizing-he eliminated 10 of employees every year-fundamentally altered GE and inspired generations of imitators who have employed his strategies at other companies around the globe. In his day, Welch was corporate America's leading proponent of mergers and acquisitions, using deals to gobble up competitors and giving rise to an economy that is more concentrated and less dynamic. And Welch pioneered the dark arts of "financialization," transforming GE from an admired industrial manufacturer into what was effectively an unregulated bank. The finance business was hugely profitable in the short term and helped Welch keep GE's stock price ticking up. But ultimately, financialization undermined GE and dozens of other Fortune 500 companies. Gelles shows how Welch's celebrated emphasis on increasing shareholder value by any means necessary layoffs, outsourcing, offshoring, acquisitions, and buybacks, to name but a few tactics became the norm in American business generally. He demonstrates how that approach has led to the greatest socioeconomic inequality since the Great Depression and harmed many of the very companies that have embraced it. And he shows how a generation of Welch acolytes radically transformed companies like Boeing, Home Depot, Kraft Heinz, and more. Finally, Gelles chronicles the change that is now afoot in corporate America, highlighting companies and leaders who have abandoned Welchism and are proving that it is still possible to excel in the business world without destroying livelihoods, gutting communities, and spurning regulation. We Use Stock Images Because we have over 2 million items for sale we have to use stock images, this listing does not include the actual image of the item for sale. The purchase of this specific item is made with the understanding that the image shown in this listing is a stock image and not the actual item for sale. For example: some of our stock images include stickers, labels, price tags, hyper stickers, obi's, promotional messages, signatures and or writing which may not be available in the actual item. When possible we will add details of the items we are selling to help buyers know what is included in the item for sale. The details are provided automatically from our central master database and can sometimes be wrong. Books are released in many editions and variations, such as standard edition, re-issue, not for sale, promotional, special edition, limited edition, and many other editions and versions. The Book you receive could be any of these editions or variations. If you are looking for a specific edition or version please contact us to verify what we are selling. Gift IdeasThis is a great Christmas gift idea. Hours of ServiceWe have many warehouses, some of the warehouses process orders seven days a week, but the Administration Support Staff are located at a head office location, outside of the warehouses, and typically work only Monday to Friday. Location ID 9000z iHaveit SKU ID 167672046
Price: 28.71 USD
Location: US
End Time: 2024-12-23T08:52:28.000Z
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Fiction/Non-Fiction: Non-Fiction
Genre/Subject: Business Economics
Brand: Simon & Schuster
Weight: 0.23
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Title: The Man Who Broke Capitalism How Jack Welch Gutted the Heartlan
Release Title: The Man Who Broke Capitalism How Jack Welch Gutted the Heartlan
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UPC: 9781982176426
EAN: 9781982176426
ISBN: 9781982176426
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Book Title: Man Who Broke Capitalism : How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America--And How to Undo His Legacy
Number of Pages: 288 Pages
Language: English
Publisher: Simon & Schuster
Topic: Leadership, Business Ethics, Economic Conditions, Business, Corporate & Business History, Free Enterprise
Publication Year: 2023
Item Height: 0.8 in
Genre: Biography & Autobiography, Business & Economics
Item Weight: 8.3 Oz
Author: David Gelles
Item Length: 8.4 in
Item Width: 5.5 in
Format: Trade Paperback
