Jack Welch and the Fall of Boeing - Populist Conservatism #10

The Jack Welch school of management traded long-term excellence for short-term profits. Under Welch, General Electric became a shell of its former self, and Jack Welch’s disciples had a track record of failure at other firms, most tragically, Boeing.

Chapters
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0:00 Three Envelopes
2:49 Milton Friedman and Jack Welch
7:03 Two Bank Account Theory
11:04 Flying Blind
16:08 Outsourcing Fail
19:17 Theory of the Firm
22:41 Scenes From the Next