The late Jack Welch led the transformation of General Electric into a multinational corporation that, at one point, became the world’s most valuable company — earning him a reputation as “manager of the century.” But a recent book raises questions about that legacy. In “The Man Who Broke Capitalism,” reporter David Gelles argues that Welch popularized an approach to management that focused on shareholder value at the expense of workers and, ultimately, the company he ran. One of Welch’s… Source link
Read More »The U.S. isn’t in a ‘typical recession’: ex-Home Depot CEO
The news on Thursday that gross domestic product (GDP) contracted for two straight quarters intensified fears the U.S. is entering a recession. Earlier this week, former Home Depot CEO Bob Nardelli suggested the country has indeed fallen into a recession — albeit an unusual one. In a wide-ranging interview for Yahoo Finance’s “Influencers with Andy Serwer,” Nardelli contended that the U.S. is still experiencing a downturn even though consumer spending has remained relatively high. “I’ve said… Source link
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