I'm the same age as Gates, so was equally immature back when Welch took over GE but I was not fooled for very long at all. Welch was 20 years older at the time, I was not impressed with the lack of acumen he had developed.
It was plain to see from almost the begining that Welch was ruining the company, he just didn't have what it takes naturally.
This was Edison's company.
>It’s also not a case of outright fraud, like Enron. It’s a textbook case of mismanagement of an overly complex business.
Resulting in financial shenanigans, like Enron.
It's just a matter of where regulators (and any underlying regulations) are functionally drawing the line between technically illegal and merely unethical financial manipulation at the time.
Due to that friendship, I doubt the book has real value. It's propaganda for those in GE that ought to be in jail, or at least recognized as at least the "good game players that played by the dubious rules until the field was destroyed."
Nature took its course, as charted by Jack Welch.
I'm the same age as Gates, so was equally immature back when Welch took over GE but I was not fooled for very long at all. Welch was 20 years older at the time, I was not impressed with the lack of acumen he had developed.
It was plain to see from almost the begining that Welch was ruining the company, he just didn't have what it takes naturally.
This was Edison's company.
>It’s also not a case of outright fraud, like Enron. It’s a textbook case of mismanagement of an overly complex business.
Resulting in financial shenanigans, like Enron.
It's just a matter of where regulators (and any underlying regulations) are functionally drawing the line between technically illegal and merely unethical financial manipulation at the time.