The Importance of Jack Welch

In 1982, the Reagan administration is like, buybacks are a thing we're fine with now. And Jack Welch responds by what was then the largest stock in US history. The money that did not go to investing in R&D or paying employees more or doing anything else of actual value. David Gell: Had pay kept pace with productivity, the average full-time American worker would be making about $102,000 annually roughly double what he or she is today.