zlacker

I read that book last year. Very informative read. To my surprise Jack Welch felt lesser villain in book than I have considered him before. My takeaway was things one can get way with being 100 million dollar company in a growing economy is not possible with 100 billion dollar company in stagnating economy.

All that growth in GE credited to its executives was in large part due huge american spending power with massive and growing economy. So all these ways where GE fucked its workers, environment and so on worked because there were others who would balance out. How ever at some point it was no longer the case then gravity brought GE to its rightful place.