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Destruction of value

Grant’s Current Yield Podcast

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Joe Jet and the Price Fixing Scandal

Evan Woodruff: Joe jet was the rogue trader at a killer P body, then a GE property. And he had actually started at GE plastics before he went to Harvard Business School and then he started GE. It reminds me of a little bit of a story that you also told so well here. This is a price fixing scandal of the 1950s.Woodruff: I liked the way they rationalize it within GE. Well, this has been merely fabulous. So thank you being with us.

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