2min chapter

Behind the Bastards cover image

Part One: Jack Welch Is Why You Got Laid Off

Behind the Bastards

CHAPTER

The Man Who Broke Capitalism

In 1953, General Electric proudly stated that it spent some 37% of its sales on pay and benefits for its workers. If you got a job with GE in this period, that was your job for life. And if you keep the US military machine rich in killing machines, GE will take care of you, right?

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