250 | David Gelles: Undoing the Legacy of the Man Who Broke Capitalism
The Realignment
00:00
Jack Welch's Rise to the Top of the Industrial Revolution
In the fifties, this is probably when you're looking at these different factors that you're describing. American companies continued to be profitable, even as they faced increase petition from japan and germany. But look at where those profits went. They started going to investors, to big shareholders, to executives to share bibacks and dividends. And workers got a smaller and smaller piece of the pie.
Play episode from 08:25
Transcript
