>>gwintr+(OP)
I read Jack Welch’s autobiography
Straight from the Gut. He was quite proud of the stack ranking process he introduced (rate employees every year and fire the bottom 25%). I recently listened to an interview with TSMC founder Morris Chang (arguably a better CEO than Welch, at this point), who said he never agreed with the idea of doing layoffs based on performance appraisals. He pointed out that any such process was hopelessly subjective and so how, as an engineer, could he support it and keep his integrity intact.
Btw, there’s a great interview with the author of Power Failure on the Bloomberg Masters in Business podcast.