Jack Welch is a bit of a notorious figure in business thinking. He and his adherents playbook were to enter a company, "trim fat" (layoffs), threaten those left

Jack Welch is a bit of a notorious figure in business thinking. He and his adherents playbook were to enter a company, "trim fat" (layoffs), threaten those left with firing if they didn't manage to thrive with their now increased workload, and dumped the "savings" from "getting the juice out of the employees" back onto shareholders. All of that without regard to what it'd do to the long-term health of the company. His management ethos was sadly hailed in business schools for it's genius (for facilitating higher than average returns at a time when most companies operating sanely could only offer modest returns) even as it's fruits began to slowly poison the entire vineyard. What it effectively was was the solidification of short-term gains at all costs in the business zeitgeist for the next 4 decades.