Case in point: Jack Welch Throughout the 80s Jack Welch, then CEO of General Electric, was seen as a genius. My god! Look at the stock! He gutted the company

Case in point: Jack Welch Throughout the 80s Jack Welch, then CEO of General Electric, was seen as a genius. My god! Look at the stock! He gutted the company in favor of financial services, and now is just a shell of what it once was. C'est la eighties.