Title
The Man Who Broke Capitalism: How Jack Welch Gutted The Heartland And Crushed The Soul Of Corporate Americaand How To Undo His,New
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New York Times Bestsellernew York Times Reporter And ?Orner Office?Columnist David Gelles Reveals Legendary Ge Ceo Jack Welch To Be The Root Of All That? Wrong With Capitalism Today And Offers Advice On How We Might Right Those Wrongs.In 1981, Jack Welch Took Over General Electric And Quickly Rose To Fame As The First Celebrity Ceo. He Golfed With Presidents, Mingled With Movie Stars, And Was Idolized For Growing Ge Into The Most Valuable Company In The World. But Welch? Achievements Didn? Stem From Some Greater Intelligence Or Business Prowess. Rather, They Were The Result Of A Sustained Effort To Push Ge? Stock Price Ever Higher, Often At The Expense Of Workers, Consumers, And Innovation. In This Captivating, Revelatory Book, David Gelles Argues That Welch Singlehandedly Ushered In A New, Cutthroat Era Of American Capitalism That Continues To This Day.Gelles Chronicles Welch? Campaign To Vaporize Hundreds Of Thousands Of Jobs In A Bid To Boost Profits, Eviscerating The Country? Manufacturing Base And Destabilizing The Middle Class. Welch? Obsession With Downsizinghe Eliminated 10% Of Employees Every Yearfundamentally Altered Ge And Inspired Generations Of Imitators Who Have Employed His Strategies At Other Companies Around The Globe. In His Day, Welch Was Corporate America? Leading Proponent Of Mergers And Acquisitions, Using Deals To Gobble Up Competitors And Giving Rise To An Economy That Is More Concentrated And Less Dynamic. And Welch Pioneered The Dark Arts Of ?Inancialization,?Transforming Ge From An Admired Industrial Manufacturer Into What Was Effectively An Unregulated Bank. The Finance Business Was Hugely Profitable In The Short Term And Helped Welch Keep Ge? Stock Price Ticking Up. But Ultimately, Financialization Undermined Ge And Dozens Of Other Fortune 500 Companies.Gelles Shows How Welch? Celebrated Emphasis On Increasing Shareholder Value By Any Means Necessary (Layoffs, Outsourcing, Offshoring, Acquisitions, And Buybacks, To Name But A Few Tactics) Became The Norm In American Business Generally. He Demonstrates How That Approach Has Led To The Greatest Socioeconomic Inequality Since The Great Depression And Harmed Many Of The Very Companies That Have Embraced It. And He Shows How A Generation Of Welch Acolytes Radically Transformed Companies Like Boeing, Home Depot, Kraft Heinz, And More. Finally, Gelles Chronicles The Change That Is Now Afoot In Corporate America, Highlighting Companies And Leaders Who Have Abandoned Welchism And Are Proving That It Is Still Possible To Excel In The Business World Without Destroying Livelihoods, Gutting Communities, And Spurning Regulation.
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- Q: How many pages does the book have? A: The book contains two hundred seventy-two pages. This length allows for a thorough exploration of Jack Welch's impact on capitalism.
- Q: What is the binding type of this book? A: This book is a hardcover edition. The hardcover binding offers durability and a premium feel for readers.
- Q: What are the dimensions of the book? A: The book measures six inches in length, one inch in width, and nine point zero two inches in height. These dimensions make it portable and easy to handle.
- Q: Is this book suitable for young readers? A: No, this book is not primarily intended for young readers. It explores complex themes related to capitalism and corporate practices.
- Q: What age group is this book appropriate for? A: This book is best suited for adults and older teens. Its themes are aimed at those interested in business and economic issues.
- Q: How do I read this book effectively? A: To read this book effectively, take notes on key concepts and reflect on how they apply to current economic conditions. Engaging with the material will enhance understanding.
- Q: How should I store this book to keep it in good condition? A: Store this book upright on a shelf away from direct sunlight. This will help maintain its condition and prevent wear over time.
- Q: Can this book be loaned to others? A: Yes, you can loan this book to others. Just be sure to track it to ensure it is returned.
- Q: What is the author's background? A: David Gelles is a New York Times reporter known for his insights into business practices. His expertise adds depth to the analysis of Jack Welch.
- Q: Is there a return policy for this book? A: Yes, there is a return policy for this book. Typically, you can return it within a specified period if it remains in new condition.
- Q: What makes this book a bestseller? A: This book is a bestseller due to its critical examination of Jack Welch's legacy and its relevance to contemporary capitalism. It resonates with readers interested in economic issues.
- Q: What themes does this book explore? A: This book explores themes of corporate greed, job loss, and economic inequality. It critiques the impact of Jack Welch's practices on American capitalism.
- Q: How can I support the ideas presented in this book? A: You can support the ideas in this book by advocating for fair corporate practices and supporting companies that prioritize employee welfare. Engaging in discussions about economic reform is also beneficial.
- Q: Does this book include any case studies? A: Yes, the book includes case studies of companies affected by Welch's strategies. These real-world examples provide context for the arguments presented.
- Q: Is this book available in digital format? A: Yes, this book is available in digital formats. You can find it on various e-reader platforms for convenience.
- Q: What is the publication date of this book? A: The book was published by Simon & Schuster. The publication date adds to its relevance in discussions about modern capitalism.