The Man Who Broke Capitalism
How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy
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Narrated by:
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Kevin R. Free
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By:
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David Gelles
About this listen
New York Times Bestseller
New York Times reporter and “Corner Office” columnist David Gelles reveals legendary GE CEO Jack Welch to be the root of all that’s wrong with capitalism today and offers advice on how we might right those wrongs.
In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welch’s achievements didn’t stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GE’s stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day.
Gelles chronicles Welch’s campaign to vaporize hundreds of thousands of jobs in a bid to boost profits, eviscerating the country’s manufacturing base, and destabilizing the middle class. Welch’s obsession with downsizing—he eliminated 10% of employees every year—fundamentally altered GE and inspired generations of imitators who have employed his strategies at other companies around the globe. In his day, Welch was corporate America’s leading proponent of mergers and acquisitions, using deals to gobble up competitors and giving rise to an economy that is more concentrated and less dynamic. And Welch pioneered the dark arts of “financialization,” transforming GE from an admired industrial manufacturer into what was effectively an unregulated bank. The finance business was hugely profitable in the short term and helped Welch keep GE’s stock price ticking up. But ultimately, financialization undermined GE and dozens of other Fortune 500 companies.
Gelles shows how Welch’s celebrated emphasis on increasing shareholder value by any means necessary (layoffs, outsourcing, offshoring, acquisitions, and buybacks, to name but a few tactics) became the norm in American business generally. He demonstrates how that approach has led to the greatest socioeconomic inequality since the Great Depression and harmed many of the very companies that have embraced it. And he shows how a generation of Welch acolytes radically transformed companies like Boeing, Home Depot, Kraft Heinz, and more. Finally, Gelles chronicles the change that is now afoot in corporate America, highlighting companies and leaders who have abandoned Welchism and are proving that it is still possible to excel in the business world without destroying livelihoods, gutting communities, and spurning regulation.
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For Aviation Enthusiasts & the Business Industry
- By Striker on 03-24-17
By: Seth Kaplan, and others
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Supercapitalism
- The Transformation of Business, Democracy, and Everyday Life
- By: Robert B. Reich
- Narrated by: Dick Hill
- Length: 9 hrs and 36 mins
- Unabridged
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Since the 1970s, and notwithstanding three recessions, the U.S. economy has soared. American capitalism has been a triumph, and it has spread throughout the world. At the same time, argues the former U.S. secretary of labor, Robert B. Reich, the effectiveness of democracy in America has declined. It has grown less responsive to the citizenry, and people are feeling more and more helpless as a result.
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Robert Reich for V.P. (of the U.S.)
- By Horace on 11-07-07
By: Robert B. Reich
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Overhaul
- An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry
- By: Steven Rattner
- Narrated by: Joe Barrett
- Length: 13 hrs and 28 mins
- Unabridged
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This first real look inside Team Obama mixes political warfare and big-business shakeups in equal proportions, and comes from a uniquely informed source. Steve Rattner is not just the man brought in by the president to save the auto industry, he is a former New York Times financial reporter who also earned a place among the top tier of Wall Street's most informed investment bankers and corporate experts.
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Overhaul - A Memoir
- By Roy on 12-05-10
By: Steven Rattner
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The Lords of Strategy
- The Secret Intellectual History of the New Corporate World
- By: Walter Kiechel III
- Narrated by: Robertson Dean
- Length: 11 hrs and 46 mins
- Unabridged
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Imagine running a business without a strategy. It would be akin to driving blindfolded, to building a house without a blueprint. The concept of strategy changed all that, paving the way for the creation of the modern corporate world. The Lords of Strategy provides listeners with a deeper understanding of the world they compete in, and a sharper eye for what works — and what doesn’t — when forging strategy.
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Super Book of Narrow Interest
- By Roy on 08-23-10
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Bought and Paid For
- The Unholy Alliance Between Barack Obama and Wall Street
- By: Charles Gasparino
- Narrated by: Lloyd James
- Length: 9 hrs and 32 mins
- Unabridged
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According to business reporter Charles Gasparino, President Obama is faking his outrage at Wall Street, and his calls for new policies to rein in banks that are "too big to fail" are just pabulum. In reality, Obama has climbed into bed with Wall Street CEOs, giving them what they want so they will support his liberal, big-government agenda.
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Revealing and Convincing
- By Walter on 10-24-11
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King of Capital
- The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone
- By: John E. Morris, David Carey
- Narrated by: George K. Wilson
- Length: 14 hrs and 42 mins
- Unabridged
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The financial establishment---banks and investment bankers, such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, and Morgan Stanley---were the cowboys, recklessly assuming risks, leveraging up to astronomical levels, and driving the economy to the brink of disaster.
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Great Story Ruined by Monotone Reading
- By Marc on 04-23-13
By: John E. Morris, and others
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Dealing with China
- An Insider Unmasks the New Economic Superpower
- By: Henry M. Paulson
- Narrated by: Kevin Stillwell
- Length: 18 hrs and 31 mins
- Unabridged
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When Hu Jintao, China's then vice president, came to visit the New York Stock Exchange and Ground Zero in 2002, he asked Hank Paulson to be his guide. It was a testament to the pivotal role that Goldman Sachs played in helping China experiment with private enterprise. In Dealing with China, the best-selling author of On the Brink draws on his unprecedented access to both the political and business leaders of modern China to answer several key questions.
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A Valuable Book on China
- By Michael Moore on 09-04-15
By: Henry M. Paulson
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The Company
- A Short History of a Revolutionary Idea [Modern Library Chronicles]
- By: John Micklethwait, Adrian Wooldridge
- Narrated by: Jonathan Davis
- Length: 6 hrs and 46 mins
- Unabridged
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In The Company, the largely unknown history of the joint-stock company is presented by the editors of Economist. One of history's greatest catalysts, the joint-stock company has dramatically changed the way human beings live, work, and conduct business. With companies now affecting the world on a global scale, it is more pressing than ever before to understand this driving force.
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unique history with a unique perspective
- By D. Littman on 10-31-05
By: John Micklethwait, and others
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The Great American Stick Up
- Greedy Bankers and the Politicians Who Love Them
- By: Robert Scheer
- Narrated by: Christian Rummel
- Length: 6 hrs and 12 mins
- Unabridged
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Instead of going where other journalists have gone in search of this story - the board rooms and trading floors of the big Wall Street firms - Scheer goes back to Washington, D.C., a veritable crime scene, beginning in the 1980s, where the captains of the finance industry, their lobbyists and allies among leading politicians destroyed an American regulatory system that had been functioning effectively since the era of the New Deal.
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A great telling of an unfortunate part of history
- By Trace on 10-27-20
By: Robert Scheer
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Borrowed Time
- Two Centuries of Booms, Busts, and Bailouts at Citi
- By: James Freeman, Vern McKinley
- Narrated by: Fred Sanders
- Length: 11 hrs and 51 mins
- Unabridged
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To save the economy and keep Citi afloat in 2008, the government provided huge infusions of cash through multiple bailouts that frustrated and angered the American public. But, as Wall Street Journal writer James Freeman and financial expert Vern McKinley reveal, the 2008 crisis was just one of many disasters Citi has experienced since its founding more than 200 years ago. In Borrowed Time they reveal Citi’s disturbing history of instability and government support. It’s a story that neither Citi nor Washington wants told.
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Biased
- By CF on 08-09-19
By: James Freeman, and others
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The Miracle
- The Epic Story of Asia's Quest for Wealth
- By: Michael Schuman
- Narrated by: Fred Stella
- Length: 14 hrs and 4 mins
- Unabridged
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Spanning nine countries, filled with heroic tales of bold decisions and self-sacrifice, and probing vast historical undercurrents, "The Miracle" takes readers inside private boardroom meetings, heated business negotiations, factory floors, and presidential cabinet sessions for a behind-the-scenes look at the events that shaped Asia's economic ascent - and will shape the world in the century to come.
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Packed with stories of both bussinesses and gov
- By Roman on 11-21-12
By: Michael Schuman
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Why Wall Street Matters
- By: William D. Cohan
- Narrated by: Rob Shapiro
- Length: 4 hrs and 14 mins
- Unabridged
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William D. Cohan is no knee-jerk advocate for Wall Street and the big banks. He's one of America's most respected financial journalists and the progressive best-selling author of House of Cards. He has long been critical of the bad behavior that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and because he spent 17 years as an investment banker on Wall Street, he is an expert on its inner workings as well.
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An Inch Deep and A Mile Wide
- By Doug Sheridan on 04-26-17
By: William D. Cohan
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Confidence Men
- Wall Street, Washington, and the Education of a President
- By: Ron Suskind
- Narrated by: James Lurie
- Length: 22 hrs
- Unabridged
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The hidden history of Wall Street and the White House comes down to a single American concept: confidence. Both centers of power, New York and Washington, learned how to manufacture it - until August 2007, when that confidence began to crumble. Ron Suskind here tells the story of what happened next, as Wall Street struggled to save itself while a man with little experience and soaring rhetoric emerged from obscurity to usher in "a new era of responsibility".
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Insightful, but...
- By Ray on 10-29-11
By: Ron Suskind
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- Narrated by: Feodor Chin
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Boeing is a century-old titan of industry. It played a major role in the early days of commercial flight, World War II bombing missions, and moon landings. The plane maker remains a cornerstone of the U.S. economy, as well as a linchpin in the awesome routine of modern air travel. But in 2018 and 2019, two crashes of the Boeing 737 MAX 8 killed 346 people. The crashes exposed a shocking pattern of malfeasance, leading to the biggest crisis in the company’s history—and one of the costliest corporate scandals ever.
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(Revised). Missing some, but informative.
- By Amazon Customer on 12-04-21
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Lights Out
- Pride, Delusion, and the Fall of General Electric
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- Narrated by: James Edward Thomas
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Since its founding in 1892, GE has been more than just a corporation. For generations, it was job security, a solidly safe investment, and an elite business education for top managers. GE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America's most valuable corporation. Yet, fewer than two decades later, the GE of old was gone.
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A GE Middle Manager Enraged to Learn These Things
- By Paul Mullen on 08-18-20
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Winning
- By: Jack Welch, Suzy Welch
- Narrated by: Jack Welch
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Jack Welch knows how to win. During his 40-year career at General Electric, he led the company to year-after-year success around the globe, in multiple markets, against brutal competition. His honest, be-the-best style of management became the gold standard in business, with his relentless focus on people, teamwork, and profits.
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Jack's Alltime-Best
- By Anonymous User on 04-18-05
By: Jack Welch, and others
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Jack
- Straight from the Gut
- By: Jack Welch, John A. Byrne
- Narrated by: Mike Barnicle
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Jack Welch lifted GE from a conglomerate with a market value of about $12 billion to one of the world's largest and most widely-admired companies, with a market value of more than $500 billion. In Jack, the author reveals the strategies and philosophies that put him at the top.
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Truly inspiring!
- By Plato777 on 12-31-02
By: Jack Welch, and others
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When McKinsey Comes to Town
- The Hidden Influence of the World's Most Powerful Consulting Firm
- By: Walt Bogdanich, Michael Forsythe
- Narrated by: Ari Fliakos
- Length: 10 hrs and 6 mins
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Overall
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In When McKinsey Comes to Town, two prizewinning investigative journalists have written a portrait of the company sharply at odds with its public image. Bogdanich and Forsythe have penetrated the veil of secrecy surrounding McKinsey by conducting hundreds of interviews, obtaining tens of thousands of revelatory documents, and following rule #1 of investigative reporting: Follow the money. When McKinsey Comes to Town is a a devastating portrait of a firm whose work has often made the world more unequal, more corrupt, and more dangerous.
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Shows systemic problems in McKinsey's culture
- By GA on 10-15-22
By: Walt Bogdanich, and others
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Power Failure
- The Rise and Fall of an American Icon
- By: William D. Cohan
- Narrated by: Eric Jason Martin
- Length: 28 hrs and 17 mins
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No company embodied American ingenuity, innovation, and industrial power more spectacularly and more consistently than the General Electric Company. GE once developed and manufactured many of the inventions we take for granted today, nearly everything from the lightbulb to the jet engine. GE also built a cult of financial and leadership success envied across the globe and became the world’s most valuable and most admired company. But even at the height of its prestige and influence, cracks were forming in its formidable foundation.
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Much better than other GE books
- By Brannon Crawford on 12-26-22
By: William D. Cohan
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Flying Blind
- The 737 MAX Tragedy and the Fall of Boeing
- By: Peter Robison
- Narrated by: Feodor Chin
- Length: 10 hrs and 45 mins
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Boeing is a century-old titan of industry. It played a major role in the early days of commercial flight, World War II bombing missions, and moon landings. The plane maker remains a cornerstone of the U.S. economy, as well as a linchpin in the awesome routine of modern air travel. But in 2018 and 2019, two crashes of the Boeing 737 MAX 8 killed 346 people. The crashes exposed a shocking pattern of malfeasance, leading to the biggest crisis in the company’s history—and one of the costliest corporate scandals ever.
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(Revised). Missing some, but informative.
- By Amazon Customer on 12-04-21
By: Peter Robison
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Lights Out
- Pride, Delusion, and the Fall of General Electric
- By: Thomas Gryta, Ted Mann
- Narrated by: James Edward Thomas
- Length: 13 hrs and 38 mins
- Unabridged
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Overall
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Performance
-
Story
Since its founding in 1892, GE has been more than just a corporation. For generations, it was job security, a solidly safe investment, and an elite business education for top managers. GE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America's most valuable corporation. Yet, fewer than two decades later, the GE of old was gone.
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A GE Middle Manager Enraged to Learn These Things
- By Paul Mullen on 08-18-20
By: Thomas Gryta, and others
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Winning
- By: Jack Welch, Suzy Welch
- Narrated by: Jack Welch
- Length: 11 hrs and 23 mins
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Jack Welch knows how to win. During his 40-year career at General Electric, he led the company to year-after-year success around the globe, in multiple markets, against brutal competition. His honest, be-the-best style of management became the gold standard in business, with his relentless focus on people, teamwork, and profits.
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Jack's Alltime-Best
- By Anonymous User on 04-18-05
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Jack
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- Narrated by: Mike Barnicle
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Jack Welch lifted GE from a conglomerate with a market value of about $12 billion to one of the world's largest and most widely-admired companies, with a market value of more than $500 billion. In Jack, the author reveals the strategies and philosophies that put him at the top.
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Truly inspiring!
- By Plato777 on 12-31-02
By: Jack Welch, and others
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When McKinsey Comes to Town
- The Hidden Influence of the World's Most Powerful Consulting Firm
- By: Walt Bogdanich, Michael Forsythe
- Narrated by: Ari Fliakos
- Length: 10 hrs and 6 mins
- Unabridged
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Overall
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Performance
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Story
In When McKinsey Comes to Town, two prizewinning investigative journalists have written a portrait of the company sharply at odds with its public image. Bogdanich and Forsythe have penetrated the veil of secrecy surrounding McKinsey by conducting hundreds of interviews, obtaining tens of thousands of revelatory documents, and following rule #1 of investigative reporting: Follow the money. When McKinsey Comes to Town is a a devastating portrait of a firm whose work has often made the world more unequal, more corrupt, and more dangerous.
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Shows systemic problems in McKinsey's culture
- By GA on 10-15-22
By: Walt Bogdanich, and others
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Power Failure
- The Rise and Fall of an American Icon
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- Narrated by: Eric Jason Martin
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No company embodied American ingenuity, innovation, and industrial power more spectacularly and more consistently than the General Electric Company. GE once developed and manufactured many of the inventions we take for granted today, nearly everything from the lightbulb to the jet engine. GE also built a cult of financial and leadership success envied across the globe and became the world’s most valuable and most admired company. But even at the height of its prestige and influence, cracks were forming in its formidable foundation.
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Much better than other GE books
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By: William D. Cohan
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These Are the Plunderers
- How Private Equity Runs—and Wrecks—America
- By: Gretchen Morgenson, Joshua Rosner
- Narrated by: John Bedford Lloyd
- Length: 11 hrs and 53 mins
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These Are the Plunderers traces the thirty-year history of corporate takeovers in America and private equity’s increasing dominance. Morgenson and Rosner investigate some of the biggest names in private equity, exposing how they buy companies, load them with debt, and then bleed them of assets and profits. All while prosecutors and regulators stand idly by.
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Lacks credibility and fact checking
- By Sam Smith on 05-25-23
By: Gretchen Morgenson, and others
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Saving Capitalism
- For the Many, Not the Few
- By: Robert B. Reich
- Narrated by: Robert B. Reich
- Length: 8 hrs and 19 mins
- Unabridged
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In Saving Capitalism, Robert Reich reveals the entrenched cycles of power and influence that have damaged American capitalism, perpetuating a new oligarchy in which the 1 percent get ever richer and the rest - middle and working class alike - lose ever more economic agency, making for the greatest income inequality and wealth disparity since World War II.
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A riveting economics book! Mind. Blown.
- By Nothing really matters on 04-18-16
By: Robert B. Reich
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Aftershock
- The Next Economy and America’s Future
- By: Robert B. Reich
- Narrated by: Robert Reich
- Length: 4 hrs and 30 mins
- Unabridged
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The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- By CAR TOP CAMPER on 10-06-10
By: Robert B. Reich
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Supercapitalism
- The Transformation of Business, Democracy, and Everyday Life
- By: Robert B. Reich
- Narrated by: Dick Hill
- Length: 9 hrs and 36 mins
- Unabridged
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Overall
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Performance
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Story
Since the 1970s, and notwithstanding three recessions, the U.S. economy has soared. American capitalism has been a triumph, and it has spread throughout the world. At the same time, argues the former U.S. secretary of labor, Robert B. Reich, the effectiveness of democracy in America has declined. It has grown less responsive to the citizenry, and people are feeling more and more helpless as a result.
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Robert Reich for V.P. (of the U.S.)
- By Horace on 11-07-07
By: Robert B. Reich
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The Common Good
- By: Robert B. Reich
- Narrated by: Robert B. Reich
- Length: 5 hrs and 12 mins
- Unabridged
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Robert B. Reich makes a powerful case for the expansion of America’s moral imagination. Rooting his argument in common sense and everyday reality, he demonstrates that a common good constitutes the very essence of any society or nation. Societies, he says, undergo virtuous cycles that reinforce the common good as well as vicious cycles that undermine it, one of which America has been experiencing for the past five decades. This process can and must be reversed.
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Edifying
- By Jean on 03-15-18
By: Robert B. Reich
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The System
- Who Rigged It, How We Fix It
- By: Robert B. Reich
- Narrated by: Robert B. Reich
- Length: 6 hrs and 7 mins
- Unabridged
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Millions of Americans have lost confidence in our political and economic system. After years of stagnant wages, volatile job markets, and an unwillingness by those in power to deal with profound threats such as climate change, there is a mounting sense that the system is fixed, serving only those select few with enough money to secure a controlling stake. With the characteristic clarity and passion that has made him a central civil voice, Robert B. Reich shows how wealth and power have interacted to install an elite oligarchy, eviscerate the middle class, and undermine democracy.
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Turn Off Your TV. Wake Up and Listen Now!
- By Benchmark on 03-25-20
By: Robert B. Reich
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Good Economics for Hard Times
- Better Answers to Our Biggest Problems
- By: Abhijit V. Banerjee, Esther Duflo
- Narrated by: James Lurie
- Length: 14 hrs and 45 mins
- Unabridged
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In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.
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audio is not The best format for a book like this
- By CB on 12-08-19
By: Abhijit V. Banerjee, and others
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Winners Take All
- The Elite Charade of Changing the World
- By: Anand Giridharadas
- Narrated by: Anand Giridharadas
- Length: 9 hrs and 36 mins
- Unabridged
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Former New York Times columnist Anand Giridharadas takes us into the inner sanctums of a new gilded age, where the rich and powerful fight for equality and justice any way they can--except ways that threaten the social order and their position atop it.
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Profound.
- By Amazon Customer on 10-10-18
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Technofeudalism
- What Killed Capitalism
- By: Yanis Varoufakis
- Narrated by: Yanis Varoufakis
- Length: 7 hrs and 39 mins
- Unabridged
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Technofeudalism says Yanis Varoufakis, is the new power that is reshaping our lives and the world, and is the greatest current threat to the liberal individual, to our efforts to avert climate catastrophe—and to democracy itself. It also lies behind the new geopolitical tensions, especially the New Cold War between the United States and China. Drawing on stories from Greek myth and pop culture, from Homer to Mad Men, Varoufakis explains this revolutionary transformation: how it enslaves our minds, how it rewrites the rules of global power, and, ultimately, what it will take overthrow it.
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Read this book if you want a competent explanation of how we got where we are financially
- By chloe kelly on 11-01-24
By: Yanis Varoufakis
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The Price of Tomorrow
- Why Deflation Is the Key to an Abundant Future
- By: Jeff Booth
- Narrated by: Brian Troxell
- Length: 5 hrs and 49 mins
- Unabridged
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We live in an extraordinary time. Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance - and they are profoundly deflationary. Our economic systems were built for a pre-technology era when labor and capital were inextricably linked - an era that counted on growth and inflation and an era where we made money from inefficiency.
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I've got this on constant repeat, 3 times already
- By Tim Kennedy on 05-20-20
By: Jeff Booth
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Evil Geniuses
- The Unmaking of America: A Recent History
- By: Kurt Andersen
- Narrated by: Kurt Andersen
- Length: 16 hrs and 24 mins
- Unabridged
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During the 20th century, America managed to make its economic and social systems both more and more fair and more and more prosperous. A huge, secure, and contented middle class emerged. All boats rose together. But then the New Deal gave way to the Raw Deal. Beginning in the early 1970s, by means of a long war conceived of and executed by a confederacy of big business CEOs, the superrich, and right-wing zealots, the rules and norms that made the American middle class possible were undermined and dismantled.
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History through a far left lens
- By Josh on 09-03-20
By: Kurt Andersen
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Yes, And
- How Improvisation Reverses ""No, But"" Thinking and Improves Creativity and Collaboration--Lessons from The Second City
- By: Kelly Leonard, Tom Yorton
- Narrated by: Alan Winter
- Length: 7 hrs and 18 mins
- Unabridged
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The Second City has launched the careers of celebrated comic performers such as Tina Fey and Stephen Colbert and produced award-winning content. But it's the actual improvisational process developed and honed over the years by The Second City that has become its legacy. Players master an ability to cocreate in ensembles using philosophies that celebrate a "yes, and" approach.
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The Title is all you learn from the book
- By T. Bennett on 05-21-15
By: Kelly Leonard, and others
What listeners say about The Man Who Broke Capitalism
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Alex Lopez-negrete
- 06-16-22
A must-read.
Helps one understand how we to to where we are today. well performed, beautifully written.
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- RVC Consumer Ted
- 06-13-22
Wonderful Book, Awful Narration
As somebody who worked at General Electric from 1989 to 2009 and interfaced with Jack Welch on a relatively regular basis in my role as an anchor at CNBC, I find that this book nails everything that was right and wrong with the Welch way.
The insane zeal to “beat the street” by a penny, employee be damned, was one of the awful legacies Jack Welch left us. As the author explains, Welch’s successor Jeff Immelt was no better. I will leave the storytelling to Mr. Geddes and simply say that I witnessed a lot of this personally at the time I was too naïve, too starstruck and too dependent on my job at GE/NBC, to speak up or say anything.
As for the narrator of this book, what an awful job. He didn’t even pronounce Jack Welch’s name properly on multiple occasions, he used the French pronunciation when it wasn’t warranted and didn’t when it was. His overall lack of facility with business and corporate information in any detail proved him to be someone way over his head in terms of subject matter. This book would have been much better if it’s audio version had it been read by someone with an understanding and command of the situation at GE and corporate America in general. Simon & Schuster can and should have done better in selecting a narrator!
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- Derek I.
- 06-08-22
Explains how Working was Devalued
Concise history of how working for a living has been devalued by the investing class. Demonstrates how publicly traded companies are responsible for sending jobs offshores and destroying the working class in America.
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- Ras
- 11-19-22
Excellent analysis of American business practices.
This book is well researched and re-examines the legacy of Jack Welch. All corporate executives should read this book. Everyone should read this book.
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- Edwin Atkins
- 03-13-23
A great History Lesson
This book goes a long way towards exposing those responsible for deconstructing the American economy and our manufacturing base while walking away with billions in remuneration and bonuses.
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- Groat
- 04-12-23
Painful for those who fell for his scam.
I'm sure it hurts for graduates of modern business school, but they fell for a scam.
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- Derek
- 03-26-24
validation of the fact that things are wrong
There is something wrong with our system in this book points a very big finger at it
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- Jon
- 11-24-22
Long Term GE Employee - This Rings True
I’ve been at GE’s aircraft engines business for over 15 years. Every industrial worker should read this book. It helped me to make sense of a lot of the moves I’ve seen the company make over the years.
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- Sustainability Man
- 12-04-22
Must read corporate horror story
This is both an important and gripping story of a man whose influence we all suffer from without being aware of it. The writing is breezy and compelling and the narration so good that you don’t even hear the narrator’s voice while getting drawn into the story.
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- Bradley Shaw
- 09-04-23
Great book
Fascinating take on the rise and fall of Jack Welch and his acolytes. While still leaving some hope for the future.
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