[HN Gopher] What Jack Welch Got Wrong (Just About Everything)
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       What Jack Welch Got Wrong (Just About Everything)
        
       Author : Tomte
       Score  : 16 points
       Date   : 2022-07-04 20:24 UTC (2 hours ago)
        
 (HTM) web link (www.linkedin.com)
 (TXT) w3m dump (www.linkedin.com)
        
       | xt00 wrote:
       | I wonder if anybody has any good book / article references on
       | alternatives to what Jack Welch did with GE. For years what he
       | did was touted as genius and efficient etc. But it seems that
       | these strategies all sort of make sense if your goal is to
       | maximize executive pay, dividends, and share price, while cutting
       | jobs, R&D spending (to a certain extent outside of known profit
       | centers like plastic manufacturing in the case of GE), and in
       | general optimizing for financial engineering rather than hard
       | engineering improvements. Basically I think plenty of people
       | would say that he promoted a bunch of ideas that were successful
       | for a while but now that we have some hindsight I wonder what
       | would be some good alternative ideas to modernize GE in a better
       | way.
        
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       (page generated 2022-07-04 23:02 UTC)