4 ms·

References; 1) Wikipedia - https://en.wikipedia.org/wiki/Jack_Welch https://en.wikipedia.org/wiki/Jack_Welch 2) Was Jack Welch the Greatest C.E.O. of His Day—

References; 1) Wikipedia - https://en.wikipedia.org/wiki/Jack_Welch https://en.wikipedia.org/wiki/Jack_Welch 2) Was Jack Welch the Greatest C.E.O. of His Day—or the Worst? by Malcolm Gladwell - https://www.newyorker.com/magazine/2022/11/07/was-jack-welch-the-greatest-ceo-of-his-day-or-the-worst https://www.newyorker.com/magazine/2022/11/07/was-jack-welch... 3) Short-term profits and long-term consequences — did Jack Welch break capitalism? in Npr - https://www.npr.org/2022/06/01/1101505691/short-term-profits-and-long-term-consequences-did-jack-welch-break-capitalism https://www.npr.org/2022/06/01/1101505691/short-term-profits... 4) What Jack Welch Got Wrong (Just About Everything) by David Gelles (author) - https://www.linkedin.com/pulse/what-jack-welch-got-wrong-just-everything-david-gelles https://www.linkedin.com/pulse/what-jack-welch-got-wrong-jus... He was dubbed "Neutron Jack" (a reference to the Neutron Bomb) for eliminating employees while leaving buildings intact. He was the main reason USA lost its manufacturing base and completely screwed up how Management was/is practiced.

roenxi 2y ago
https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ The US commercial environment experienced a bit of a step change in 1971 - and, realistically, probably a lead up of pressure before that date. A bit of systems thinking and it is probably not fair to say he is "the main reason". He was the first executive who figured out how to get best results in what at the time would have been a poorly understood new regulatory world that rewarded of financialisation.
- wisty 2y ago
  Seems somewhat legitimate, though I'd prefer more log graphs, linear scales can be misleading. Perhaps the Hakone Maru in 1968, the first TEU container ship (I think), was a harbinger.
  - p_l 2y ago
    A lot of that page builds a lot of point about specific time in order to sell the idea about dropping the unviable gold standard (in the form of Bretton-Woods system) as the real culprit.
- 7thaccount 2y ago
  I don't like to think in absolutes, so I was a little hyperbolic when I said he was responsible for the failure. You're probably right that it would have gradually happened anyway, but my limited understanding is he became the celebrity face to it that legitimized it and made it the defacto strategy. He is more than a little responsible for the mess we're in.

roenxi 2y ago

https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ The US commercial environment experienced a bit of a step change in 1971 - and, realistically, probably a lead up of pressure before that date. A bit of systems thinking and it is probably not fair to say he is "the main reason". He was the first executive who figured out how to get best results in what at the time would have been a poorly understood new regulatory world that rewarded of financialisation.

wisty 2y ago
Seems somewhat legitimate, though I'd prefer more log graphs, linear scales can be misleading. Perhaps the Hakone Maru in 1968, the first TEU container ship (I think), was a harbinger.
- p_l 2y ago
  A lot of that page builds a lot of point about specific time in order to sell the idea about dropping the unviable gold standard (in the form of Bretton-Woods system) as the real culprit.
7thaccount 2y ago
I don't like to think in absolutes, so I was a little hyperbolic when I said he was responsible for the failure. You're probably right that it would have gradually happened anyway, but my limited understanding is he became the celebrity face to it that legitimized it and made it the defacto strategy. He is more than a little responsible for the mess we're in.