Summary of David Gelles's The Man Who Broke Capitalism

Download or read book Summary of David Gelles's The Man Who Broke Capitalism written by Milkyway Media and published by Milkyway Media. This book was released on 2022-12-27 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Buy now to get the main key ideas from David Gelles's The Man Who Broke Capitalism In The Man Who Broke Capitalism (2022), journalist David Gelles chronicles how legendary CEO Jack Welch turned General Electric into the most valuable company in the world at the expense of workers, consumers, and innovation. Welch’s short-sighted tactics and obsession with downsizing, outsourcing, dealmaking, and shareholder primacy single-handedly destabilized the middle class. Yet he has influenced generations of CEOs with similar short-sighted ambitions who continue to destroy livelihoods and increase inequality to this day.