Ep. 71 David Gelles, "The Man Who Broke Capitalism"

David Gelles, a New York Times reporter and author, dives deep into the controversial legacy of Jack Welch, the legendary General Electric CEO. Gelles argues that Welch's strategies, while initially elevating GE's worth, ultimately harmed corporate America by promoting short-term gains over long-term sustainability. The discussion explores Welch's influence on CEO behaviors, the pitfalls of stack ranking, and the flawed mindset propagated by MBA programs. Gelles calls for a re-evaluation of corporate purpose and governance that prioritizes both profit and employee well-being.