Welch didnt start the 'financialisation' of corporate America, but possibly no else played a bigger part, stripped GE bare for short term gain, and it eventually collapsed and resurrected as another too big to fail. Calhoun was one of his proteges. Current head of GE, Culp was touted as Calhoun's successor. Supposedly rejected rumours. Talkbabout an assembly line of corporate axemen.
Boeing's shakeup and GE's fall: 2 more black eyes for Jack Welch's legacy
https://finance.yahoo.com/news/boeings-shakeup-and-ges-fall-2-more-black-eyes-for-jack-welchs-legacy-100047645.html
Welch didnt start the 'financialisation' of corporate America,...
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