Part Two: Jack Welch Is Why You Got Laid Off
Behind the Bastards
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The Importance of Stock Buybacks
GE had basically become a venture capital company, right? That's what he turns GE into. Perhaps the most infamous change that he instituted was stock buybacks. This is when a public company buys shares in itself from other investors at a marked up rate. Since this increases earnings per share, which Wall Street analysts use to measure success, it boosts the stock price.
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