At Any Cost: Jack Welch, General Electric, and the Pursuit of Profit
| Author | : | |
| Rating | : | 4.87 (529 Votes) |
| Asin | : | 0375705678 |
| Format Type | : | paperback |
| Number of Pages | : | 480 Pages |
| Publish Date | : | 2013-03-30 |
| Language | : | English |
DESCRIPTION:
O'Boyle to take Welch down a notch--or two or three. So even in good times, American workers are plagued by a sense of insecurity. O'Boyle does not have all the answers, but he raises important questions. He recognizes that the drive and ruthlessness of people like Jack Welch have saved America from the economic stagnation of a Germany or Japan. O'Boyle, an editor at the Pittsburgh Post-Gazette, holds Welch personally responsible for various scandals over the years at some of GE's multifarious appendages, from contract fraud in its defense business (later sold) to faked crash tests of GM trucks on Dateline NBC. No contemporary business leader has been so widely acclaimed as Jack Welch of General Electric. He believes that mass l
B. King said It is easy to look rich when you do not pay all the bills.. The public perception of Jack Welch's tenure at General Electric has been that he focused business effort on his company's core competencies, and thus rewarded the long term shareholder with great financial returns. Tom O'Boyle peers behind the curtain to reveal the darker side of Wizard Welch and his disastrous tenure at one of America's great industrial treasures. Yes, Welch increased GE's stock value; but Welch did it with a draconian management style that failed to pay all . Robert F. Jakubowicz said GE"s Sad Affair With Downsizing-Frank Jakubowicz. When GE's massive downsizing took place in Pittsfield, MA, I was a frustrrated local official trying to find out what was going on. GE officials furnished little information. Eventually it was thought the GE must have done it to simply stay competitive in the new global economy. Thomas O'Boyle furnishes the answer. The layoffs and plant closings were Jack Welch's idea of a corporate revolution. He was at the cutting edge of a major business philosophy which discarded post-WW II. Prophetic, brilliant piece of work Mingulay29 This book is still highly relevant. What sets it apart is the depth of research, the writing, and the courage of the author to stand up against the prevailing ideology of the time. Since then Enron and the continuing financial crash has surely taught us that something has been going badly wrong in America and in Britain and it started around 1981 when Welch got his hands on the GE empire. Much of how we view the author's work will depend on how we view the predominant trend of
O'Boyle argues that these astounding results have come only with the heavy price of employees' lives, blighted under the tyranny of "Neutron Jack" Welch, so named for his bomb-like ability to eliminate staff without disturbing surrounding operations. O'Boyle explores the forces behind General Electric's rise to the top of Wall Street, questioning if GE, with chief executive officer Jack Welch at the helm, is still "bringing good things to life." Welch--explosive, profit-hungry, and pragmatic--catapulted GE's stocks to the top, up 1,155 percent from 1982 to 1997. Sure to spark controversy, this gripping, comprehensive account begs the greater question: Is Jack Welch's GE a model company for business in the next century, or is it time to change the way the worl