Essentially: Welchification (from the CEO of GE's name) being: * the focus on short term shareholder returns over long-term shareholder value, typified by givi

Essentially: Welchification (from the CEO of GE's name) being: * the focus on short term shareholder returns over long-term shareholder value, typified by giving executives short term options as incentives * causing a myopia that can lead a company to bad patterns like deprioritizing R&D or focusing on financial engineering over product improvement