Welch denounces corporate obsessions

Financial Times by Francesco Guerrera | Mar. 13, 2009 (Interview)

"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 »

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Dwight Rousu
4.0
 by Dwight Rousu - Mar. 17, 2009

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.

I have worked at a company with a CEO recruited from GE.

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