Welch denounces corporate obsessions
"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
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.