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Part Two: Jack Welch Is Why You Got Laid Off
Behind the Bastards
The Fall of GE
The hollow profit engine Jack Welch built had no staying power. His handpicked successor tried to replicate Welch's success by following the same playbook, but it was a losing strategy. At its nadir, GE needed $139 billion rescue from the Obama administration and an 11th-hour investment from Warren Buffett to stave off collapse.
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