Download or read book Summary of David Gelles s The Man Who Broke Capitalism written by Everest Media, and published by Everest Media LLC. This book was released on 2022-07-22T22:59:00Z with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note: This is a companion version & not the original book. Sample Book Insights: #1 In 1980, Ronald Reagan was elected president with the slogan Let’s Make America Great Again. The new president’s economic policy, Reaganomics, prioritized lower taxes, decreased regulation, and a favorable attitude toward Wall Street. #2 When Welch took over as CEO, he was very different from Jones. He was impatient, impulsive, and crass. He spoke with a thick Boston accent, and when he grew angry, a stutter flared up. He loathed hierarchy and bureaucracy, and didn’t care what people thought of him as long as he was making money for the company. #3 In the mid-1970s, Welch went on tour with a GE joint venture in Japan, where he was shocked by the manufacturing process. When America’s standing in the world was questioned in 1980, Welch and Jones wrote a letter to shareholders acknowledging the need for urgent change. #4 Jack Welch, the iconic chairman of GE, drastically overcorrected when he took over. He abandoned American manufacturing and began shutting down factories around the country.
Download or read book Summary of David Gelles s The Man Who Broke Capitalism written by Milkyway Media and published by Milkyway Media. This book was released on 2022-12-27 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Buy now to get the main key ideas from David Gelles's The Man Who Broke Capitalism In The Man Who Broke Capitalism (2022), journalist David Gelles chronicles how legendary CEO Jack Welch turned General Electric into the most valuable company in the world at the expense of workers, consumers, and innovation. Welch’s short-sighted tactics and obsession with downsizing, outsourcing, dealmaking, and shareholder primacy single-handedly destabilized the middle class. Yet he has influenced generations of CEOs with similar short-sighted ambitions who continue to destroy livelihoods and increase inequality to this day.
Download or read book The Man Who Broke Capitalism written by David Gelles and published by Simon and Schuster. This book was released on 2022-05-31 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller New York Times reporter and “Corner Office” columnist David Gelles reveals legendary GE CEO Jack Welch to be the root of all that’s wrong with capitalism today and offers advice on how we might right those wrongs. In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welch’s achievements didn’t stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GE’s stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day. Gelles chronicles Welch’s campaign to vaporize hundreds of thousands of jobs in a bid to boost profits, eviscerating the country’s manufacturing base and destabilizing the middle class. Welch’s obsession with downsizing—he eliminated 10% of employees every year—fundamentally altered GE and inspired generations of imitators who have employed his strategies at other companies around the globe. In his day, Welch was corporate America’s leading proponent of mergers and acquisitions, using deals to gobble up competitors and giving rise to an economy that is more concentrated and less dynamic. And Welch pioneered the dark arts of “financialization,” transforming GE from an admired industrial manufacturer into what was effectively an unregulated bank. The finance business was hugely profitable in the short term and helped Welch keep GE’s stock price ticking up. But ultimately, financialization undermined GE and dozens of other Fortune 500 companies. Gelles shows how Welch’s celebrated emphasis on increasing shareholder value by any means necessary (layoffs, outsourcing, offshoring, acquisitions, and buybacks, to name but a few tactics) became the norm in American business generally. He demonstrates how that approach has led to the greatest socioeconomic inequality since the Great Depression and harmed many of the very companies that have embraced it. And he shows how a generation of Welch acolytes radically transformed companies like Boeing, Home Depot, Kraft Heinz, and more. Finally, Gelles chronicles the change that is now afoot in corporate America, highlighting companies and leaders who have abandoned Welchism and are proving that it is still possible to excel in the business world without destroying livelihoods, gutting communities, and spurning regulation.
Download or read book At Any Cost written by Thomas F. O'Boyle and published by Vintage. This book was released on 2011-01-12 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: "O'Boyle has researched and written a monumental book that should be mandatory reading for all CEOs and anyone concerned with business ethics." --The Philadelphia Inquirer "Superb . . . a spirited study of General Electric, and of its sometimes brilliant, sometimes bungling, but always ruthless boss, Jack Welch." --Chicago Sun-Times With convincing passion and meticulous research, Thomas F. 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. 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. During Welch's reign, hard-nosed success tactics--unblinking downsizing, ruthless acquisition negotiations, and the virtual abandonment of manufacturing in favor of the more glamorous entertainment and financial services industries--coexist with scandals like price-fixing, pollution, and defense contract fraud. 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 world does business? "Smoothly written and thoroughly researched." --USA Today "This book makes a valuable contribution to our understanding of corporate America. . . . Thomas F. O'Boyle persuades you that GE--Jack Welch's GE--brings bad things to life. In abundance." --Washington Monthly
Download or read book Flying Blind written by Peter Robison and published by Anchor. This book was released on 2022-10-11 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BUSINESS BEST SELLER • A suspenseful behind-the-scenes look at the dysfunction that contributed to one of the worst tragedies in modern aviation: the 2018 and 2019 crashes of the Boeing 737 MAX. An "authoritative, gripping and finely detailed narrative that charts the decline of one of the great American companies" (New York Times Book Review), from the award-winning reporter for Bloomberg. Boeing is a century-old titan of industry. It played a major role in the early days of commercial flight, World War II bombing missions, and moon landings. The planemaker remains a cornerstone of the U.S. economy, as well as a linchpin in the awesome routine of modern air travel. But in 2018 and 2019, two crashes of the Boeing 737 MAX 8 killed 346 people. The crashes exposed a shocking pattern of malfeasance, leading to the biggest crisis in the company’s history—and one of the costliest corporate scandals ever. How did things go so horribly wrong at Boeing? Flying Blind is the definitive exposé of the disasters that transfixed the world. Drawing from exclusive interviews with current and former employees of Boeing and the FAA; industry executives and analysts; and family members of the victims, it reveals how a broken corporate culture paved the way for catastrophe. It shows how in the race to beat the competition and reward top executives, Boeing skimped on testing, pressured employees to meet unrealistic deadlines, and convinced regulators to put planes into service without properly equipping them or their pilots for flight. It examines how the company, once a treasured American innovator, became obsessed with the bottom line, putting shareholders over customers, employees, and communities. By Bloomberg investigative journalist Peter Robison, who covered Boeing as a beat reporter during the company’s fateful merger with McDonnell Douglas in the late ‘90s, this is the story of a business gone wildly off course. At once riveting and disturbing, it shows how an iconic company fell prey to a win-at-all-costs mentality, threatening an industry and endangering countless lives.
Download or read book Lights Out written by Thomas Gryta and published by Mariner Books. This book was released on 2020 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its founding in 1892, General Electric has been more than just a corporation: it was job security, a solidly safe investment, and an elite business education for top managers. GE electrified America, from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America's most valuable corporation. Gryta and Mann examine how Welch's handpicked successor, Jeff Immelt, tried to fix flaws in Welch's profit machine, while stumbling headlong into mistakes of his own. In doing so, they detail how one of America's all-time great companies has been reduced to a cautionary tale for our times. -- adapted from jacket
Download or read book The Notorious ESG written by Vasuki Shastry and published by Emerald Group Publishing. This book was released on 2023-09-04 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environment, Social, Governance (ESG) has become the noun, verb, and adjective of the modern business era. Faced with societal and regulatory pressure, big business in America, Asia, and Europe has been forced to define and articulate ESG goals to combat climate change and save the planet.
Download or read book Indispensable written by Gautam Mukunda and published by Harvard Business Press. This book was released on 2012 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author helps readers figure out which leaders matter, why, and when - and what lessons they can learn from those who do matter. Leaders from politics and business are profiled, they include: Abraham Lincoln, Neville Chamberlain, Woodrow Wilson, Thomas Jefferson, Winston Churchill, Jamie Dimon, Al Dunlap, Sir Jacky Fisher, and Judah Folkman.
Download or read book The 12 Week MBA written by Bjorn Billhardt and published by Hachette Go. This book was released on 2024-02-06 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on award-winning leadership development programs experienced by over 100,000 professionals at Fortune Global 500 companies, The 12-Week MBA offers practical tips for aspiring business leaders while making an impassioned case for a new approach to management education. Getting an MBA takes time and money, making it inaccessible to many people who want to take charge in the business world. The 12-Week MBA offers an alternative way to learn business essentials by focusing on the skills and knowledge required to succeed as both a manager and a business leader. The 12-Week MBA’s unique premise is that business leaders in any industry, any function, and at any level need the same core knowledge, skills, and attitudes to effectively manage and lead. That core consists of working through and with other people to create value while using financial concepts and metrics to maximize the value created for all company stakeholders. The timeless essence of managing numbers and leading people can be learned in less time and at a lower cost than in a traditional two-year MBA, where much of the curriculum may become obsolete by the time students graduate. Authors Bjorn Billhardt and Nathan Kracklauer are senior executives at Abilitie, a global leadership development company that has served over 100,000 learners in fifty countries. Abilitie’s clients include some of the world’s most recognizable brands such as Coca-Cola, The New York Times, and Dell. Now the key lessons from Abilitie’s 12- Week MBA curriculum are available in this accessible and engaging guide.
Download or read book China s Mobile Economy written by Winston Ma and published by John Wiley & Sons. This book was released on 2016-11-03 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explore the world-changing digital transformation in China China's Mobile Economy: Opportunities in the Largest and Fastest Information Consumption Boom is a cutting-edge text that spotlights the digital transformation in China. Organised into three major areas of the digital economy within China, this ground-breaking book explores the surge in e-commerce of consumer goods, the way in which multi-screen and mobile Internet use has increased in popularity, and the cultural emphasis on the mobile Internet as a source of lifestyle- and entertainment-based content. Targeted at the global business community, this lucid and engaging text guides business leaders, investors, investment banking professionals, corporate advisors, and consultants in grasping the challenges and opportunities created by China's emerging mobile economy, and its debut onto the global stage. Year 2014-15 marks the most important inflection point in the history of the internet in China. Almost overnight, the world’s largest digitally-connected middle class went both mobile and multi-screen (smart phone, tablets, laptops and more), with huge implications for how consumers behave and what companies need to do to successfully compete. As next-generation mobile devices and services take off, China’s strength in this arena will transform it from a global “trend follower” to a “trend setter.” Understand what the digital transformation in China is, and impact on global capital markets, foreign investors, consumer companies, and the global economy as a whole Explore the e-commerce consumption boom in the context of the Chinese market Understand the implications of the multi-screen age and mobile Internet for China's consumers See how mobile Internet use, its focus on lifestyle and entertainment is aligned with today's Chinese culture Learn about the mobile entertainment habits of China’s millennial generation and the corresponding new advertisement approaches The development of China’s mobile economy is one of the most important trends that will reshape the future of business, technology and society both in China and the world. China's Mobile Economy: Opportunities in the Largest and Fastest Information Consumption Boom introduces you to the digital transformation in China, and explains how this transformation has the potential to transform both China and the global consumer landscape.
Download or read book The Employee Advantage written by Stephan Meier and published by PublicAffairs. This book was released on 2024-10-15 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: A strategic roadmap that will transform your company into an employee-first powerhouse, unlocking a competitive edge for enduring success. In an ever-shifting work landscape, leaders can no longer ignore their most overlooked stakeholders—their employees. In The Employee Advantage, behavioral economist Stephan Meier explains why organizations must value their employees as much as—if not more than—their customers: those that pivot toward an employee-centric model will be more profitable, innovative, and appealing to top talent. The good news? You don’t need to start from scratch. The customer-centric tools that give you a competitive advantage can be repurposed to focus on employees. Through case studies of Fortune 500 companies like Costco, DHL, and Best Buy as well as smaller organizations, you will learn: Why employees care about more than just money when it comes to their jobs—the same way customers care about more than just price What two mindset shifts are essential to becoming an employee-centric workplace How improving your employee experience will benefit your business and your bottom line The future of work is human-centric. The companies that win in the marketplace will be those with the best employees. To get and stay ahead, businesses must embrace the employee advantage.
Download or read book What Were We Thinking written by Carlos Lozada and published by Simon & Schuster. This book was released on 2020-10-06 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Washington Post’s Pulitzer Prize–winning book critic uses the books of the Trump era to argue that our response to this presidency reflects the same failures of imagination that made it possible. As a book critic for The Washington Post, Carlos Lozada has read some 150 volumes claiming to diagnose why Trump was elected and what his presidency reveals about our nation. Many of these, he’s found, are more defensive than incisive, more righteous than right. In What Were We Thinking, Lozada uses these books to tell the story of how we understand ourselves in the Trump era, using as his main characters the political ideas and debates at play in America today. He dissects works on the white working class like Hillbilly Elegy; manifestos from the anti-Trump resistance like On Tyranny and No Is Not Enough; books on race, gender, and identity like How to Be an Antiracist and Good and Mad; polemics on the future of the conservative movement like The Corrosion of Conservatism; and of course plenty of books about Trump himself. Lozada’s argument is provocative: that many of these books—whether written by liberals or conservatives, activists or academics, Trump’s true believers or his harshest critics—are vulnerable to the same blind spots, resentments, and failures that gave us his presidency. But Lozada also highlights the books that succeed in illuminating how America is changing in the 21st century. What Were We Thinking is an intellectual history of the Trump era in real time, helping us transcend the battles of the moment and see ourselves for who we really are.
Download or read book The Obvious Choice written by Mike Teke and published by Jonathan Ball Publishers. This book was released on 2023-12-15 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is driven by ambition, dreams, expectations, wishes and desires. We all believe we are the obvious choice to be selected, noted, identified, appointed or anointed. We may think and believe we are the obvious choice in many areas of our lives, but the reality is that this is not the case. When your boss informs you that you are not getting that role you assumed was in the bag (and you'd already informed your family and friends that it was yours – and had even bought the attire to go with it), you ask: what happened? What happened when you were bypassed for the lead role in a project? You believed in your potential and you believed that everyone in your organisation and circle saw you as the main person, the leader or the 'go-to person', and yet you were bypassed and someone else in your team was selected. You were the obvious choice, weren't you? Think of the assignment you prepared, the one you believed was the perfect presentation and would earn you a distinction, and then you flunked it. Where did you go wrong? Mike Teke's book is about showing you that you can be the obvious choice, in business or in life, but that being the obvious choice does not simply fall from any tree. Without focus, diligence and a strong work ethic you are unlikely to succeed, no matter how much you think you're entitled to. The Obvious Choice debunks myths and prevailing negative mindsets. And, most usefully, it provides guidelines and lessons to prepare you for the journey to leadership greatness, to become the obvious choice in whatever setting or endeavour the universe presents. Mike Teke has gained extensive experience in people management, business management and leadership at BHP and Impala, and as CEO of Optimum Coal Holdings. Today he is the CEO of Seriti Resources Holdings and the Chairperson and controlling shareholder of the Masimong Group. He serves as Chair/Non-Executive Director at the Anchor Group and Rolfes Group, and is the past President of the Minerals Council South Africa. In 2023 he was inducted into the SA Mining Hall of Fame and appointed as Professor of Practice at the University of Johannesburg.
Download or read book Practical Radicals written by Deepak Bhargava and published by The New Press. This book was released on 2023-11-07 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: A clear, expert, and inspiring guide to social change, based on case studies of grassroots movements that won, from two leading community and labor experts “Our movements must seek and win governing power to achieve our visions for a more just society. This book is a vital resource for progressives who want to win.” —Congresswoman Pramila Jayapal (D-WA), chair, Congressional Progressive Caucus How do underdogs, facing far stronger opponents, sometimes win? In the tradition of Saul Alinsky’s Rules for Radicals and Sun Tzu’s The Art of War, Deepak Bhargava and Stephanie Luce’s Practical Radicals offers winning strategies, history, and theory for a new generation of activists. Based on interviews with leading organizers, this groundbreaking book describes seven strategies to bring about transformative change. It incorporates stories of organizations and movements that have won, including Make the Road NY, the St. Paul Federation of Educators, the welfare rights movement, the Working Families Party, New Georgia Project, Occupy Wall Street, 350.org, the Fight for 15, and Gay Men’s Health Crisis. Two overarching case studies anchor the book: the brilliant techniques used by enslaved people and their allies to end slavery, and the sinister but effective ways elites imposed our current system. Practical Radicals offers insights on strategy used by business, military, and political elites, addresses the challenges of overcoming conflict within organizations and movements, and concludes with a discussion of how our movements must adapt to meet new challenges in the twenty-first century. A book for activists, organizers, and anyone hoping to win the fight for a better society, Practical Radicals is a deeply informed resource designed to help us win on the big issues of our time.
Download or read book City of Gold written by Jim Krane and published by Macmillan + ORM. This book was released on 2009-09-15 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Award-winning journalist Jim Krane charts the history of Dubai from its earliest days, considers the influence of the family who has ruled it since the nineteenth century, and looks at the effect of the global economic downturn on a place that many tout as a blueprint for a more stable Middle East The city of Dubai, one of the seven United Arab Emirates, is everything the Arab world isn't: a freewheeling capitalist oasis where the market rules and history is swept aside. Until the credit crunch knocked it flat, Dubai was the fastest-growing city in the world, with a roaring economy that outpaced China's while luring more tourists than all of India. It's one of the world's safest places, a stone's throw from its most dangerous. In City of Gold, Jim Krane, who reported for the AP from Dubai, brings us a boots-on-the-ground look at this fascinating place by walking its streets, talking to its business titans, its prostitutes, and the hard-bitten men who built its fanciful skyline. He delves into the city's history, paints an intimate portrait of the ruling Maktoum family, and ponders where the city is headed. Dubai literally came out of nowhere. It was a poor and dusty village in the 1960s. Now it's been transformed into the quintessential metropolis of the future through the vision of clever sheikhs, Western capitalists, and a river of investor money that poured in from around the globe. What has emerged is a tolerant and cosmopolitan city awash in architectural landmarks, luxury resorts, and Disnified kitsch. It's at once home to America's most prestigious companies and universities and a magnet for the Middle East's intelligentsia. Dubai's dream of capitalism has also created a deeply stratified city that is one of the world's worst polluters. Wild growth has clogged its streets and left its citizens a tiny minority in a sea of foreigners. Jim Krane considers all of this and casts a critical eye on the toll that the global economic downturn has taken. While many think Dubai's glory days have passed, insiders like Jim Krane who got to know the city and its creators firsthand realize there's much more to come in the City of Gold, a place that, in just a few years, has made itself known to nearly every person on earth.
Download or read book The Great Reversal written by Thomas Philippon and published by Belknap Press. This book was released on 2019-10-29 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Financial Times Book of the Year A ProMarket Book of the Year “Superbly argued and important...Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so.” —Martin Wolf, Financial Times “In one industry after another...a few companies have grown so large that they have the power to keep prices high and wages low. It’s great for those corporations—and bad for almost everyone else.” —David Leonhardt, New York Times “Argues that the United States has much to gain by reforming how domestic markets work but also much to regain—a vitality that has been lost since the Reagan years...His analysis points to one way of making America great again: restoring our free-market competitiveness.” —Arthur Herman, Wall Street Journal Why are cell-phone plans so much more expensive in the United States than in Europe? It seems a simple question, but the search for an answer took one of the world’s leading economists on an unexpected journey through some of the most hotly debated issues in his field. He reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition. In the age of Silicon Valley start-ups and millennial millionaires, he hardly expected this. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow Thomas Philippon as he works out the facts and consequences of industry concentration, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means. Philippon argues that many key problems of the American economy are due not to the flaws of capitalism or globalization but to the concentration of corporate power. By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth. For the sake of ordinary Americans, he concludes, government needs to get back to what it once did best: keeping the playing field level for competition. It’s time to make American markets great—and free—again.
Download or read book Winning written by Jack Welch and published by Harper Collins. This book was released on 2009-10-13 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: A champion manager of people, Jack Welch shares the hard-earned wisdom of a storied career in what will become the ultimate business bible With Winning, Jack Welch delivers a wide-ranging, in-depth, no-holds-barred management guidebook about the tough strategic, organizational, and personal challenges that face people at every stage of their careers. Loaded with candid personal anecdotes, hard-hitting advice, and invaluable dos and don’ts, Jack explains his theory of business, by laying out the four most important principles that form the foundation of his success. Chapters include: How to Get Promoted, How to Think about Strategy, How to Write a Budget that Works, How to Work for a Jerk, How Find Work-Life Balance and How Start Something New. Enlivened by quotes from business leaders that Welch interviewed especially for the book, it’s a tour de force that reflects Welch’s mastery of execution, excellence and leadership.
