The Legacy of Jack Welch and Corporate Capitalism

This chapter examines the complex management style of Jack Welch, highlighting the aggressive tactics that transformed GE but also fostered a fear-based culture. It contrasts Welch's tenure with that of Jeff Immelt, analyzing their strategic decisions and the broader implications for corporate practices today. The discussion includes the evolution of corporate responsibility and accountability, stressing the importance of balancing profit with employee welfare in modern business leadership.