Comment

Jack

Straight From the Gut
Aug 14, 2014StarGladiator rated this title 0.5 out of 5 stars
I admit to not finishing this book as my stomach isn't infinitely strong. I assume Welch included the word -- gut -- because his book is highly bacterial? The only reason GE, which pays no federal income tax, by the way, is still around is due to their accessing those TARP bailout funds which were supposed to be for the banksters [and also free money from the Fed]. Welch did lead the way in offshoring professional-level jobs, beginning the 1984-85: R&D scientific jobs, engineering jobs, programmer jobs, tech jobs and the usual manufacturing jobs. GE was briefly a successful company only insofar as it accesses financial capital or fantasy finance, which did them in during the global economic meltdown, and they should have been allowed to collapse. Welch effectively restructured GE into a private equity/hedge fund.