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At any cost : Jack Welch, General Electric, and the pursuit of profit

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  • ""O'Boyle has researched and written a monumental book that should be mandatory reading for all CEOs and anyone concerned with business ethics." --The Philadelphia Inquirer "Superb . . . a spirited study of General Electric, and of its sometimes brilliant, sometimes bungling, but always ruthless boss, Jack Welch." --Chicago Sun-Times With convincing passion and meticulous research, Thomas F. O'Boyle explores the forces behind General Electric's rise to the top of Wall Street, questioning if GE, with chief executive officer Jack Welch at the helm, is still "bringing good things to life." Welch--explosive, profit-hungry, and pragmatic--catapulted GE's stocks to the top, up 1,155 percent from 1982 to 1997. O'Boyle argues that these astounding results have come only with the heavy price of employees' lives, blighted under the tyranny of "Neutron Jack" Welch, so named for his bomb-like ability to eliminate staff without disturbing surrounding operations. During Welch's reign, hard-nosed success tactics--unblinking downsizing, ruthless acquisition negotiations, and the virtual abandonment of manufacturing in favor of the more glamorous entertainment and financial services industries--coexist with scandals like price-fixing, pollution, and defense contract fraud. Sure to spark controversy, this gripping, comprehensive account begs the greater question: Is Jack Welch's GE a model company for business in the next century, or is it time to change the way the world does business' "Smoothly written and thoroughly researched." --USA Today "This book makes a valuable contribution to our understanding of corporate America. . . . Thomas F. O'Boyle persuades you that GE--Jack Welch's GE--brings bad things to life. In abundance." --Washington Monthly From the Trade Paperback edition."
  • "Jack Welch, the CEO of General Electric and one of the most renowned figures in today's business world, has been seen by some as the model corporate leader and by others as the quintessential unmitigated pursuer of profit. In this book, the man and his methods, and the legendary company he runs, are examined. As we watch Welch's spectacular rise through the ranks at GE, we see his impetuousness, his aggressiveness, his lightning strikes. We see the making of an extraordinary leader who is a catalyst for change, who anticipates events rather than merely reacting to them, and who confronts complacency with blitzkrieg action. But success for a company can come at a price for the community. As Thomas F. O'Boyle shows, long before most chief executives had heard of corporate restructuring - and long before "downsizing" became a word heard daily in American life - Welch was practicing both. As the story of his seventeen-year tenure unfolds, we see him eliminate hundreds of thousands of jobs, send other jobs abroad, buy and sell hundreds of businesses, remove entire echelons from the corporate hierarchy, and shift the company's focus from long-established manufacturing businesses to entertainment and finance. His approach to personnel cuts earned him the nickname "Neutron Jack." In its latest incarnation, the vast manufacturing company that Thomas Edison began in 1878 has also been caught up in miscues and legal difficulties: defective refrigerators brought to market; industrial wastes improperly buried; excessive radiation in the workplace; fraud in military contract procurement; a financial service division's improprieties that landed on the front page. All the while, shareholders have reaped enormous gains - but, the author asks, at what cost?"

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  • "Electronic books"

  • "At any cost Jack Welch, General Electric, and the pursuit of profit"
  • "At any cost : Jack Welch, General Electric, and the pursuit of profit"
  • "At any cost : Jack Welch, General Electric, and the pursuit of profit"@en
  • "At Any Cost Jack Welch, General Electric, and the Pursuit of Profit"@en