"On the face of it, shareholder value is the dumbest idea in the world," he said. "Shareholder value is a result, not a strategy . . . Your main constituencies are your employees, your customers and your products." Full Story »
Posted by Dwight Rousu
A slightly informative article, offering little other than a few off handed remarks by Mr. Welch. The writer did little other than to quote Mr. Welch "sans context" His view of Share Value is nothing new and has been said by him many times in speeches and other interviews.
He did a good job with the company, he made hundreds of millions and now his company share value has plummeted due to a v ariety of factors. GE is no more or less affected than other firms.
The interview with Welch is moderately earthshaking to the many in the CEO cult who have worshiped at the feet of General Electric, copied their dumbest ideas, and recruited GE executives to execute corporations all across the U.S.
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