The Rise and Fall of Jack Welch

GE operated a massive complex in Louisville, Kentucky called Appliance Park. This is such a big factory kind of complex that it has its own zip code. It also supported the whole city, right? Like a huge amount of Louisville's economy is people who work at Appliances Park. Jack didn't think it was profitable enough; he just doesn't think it's profitable enough. So he shit cans a huge percentage of the workforce,. gutting a huge chunk of the economy in Louisville, but making a short term like stock stock buck for GE.