When this post was starting out as a businessman, it was an advice to hold on to somebody as a role model. And one of my lodis was Jack Welch. I bought books about GE, Jack Welch. And the whole world idolized him. He made GE a mega business
But lately, there are news and allegations that actually destroyed GE. His moves did not make GE unsustainable And by making 50% of GE more of a finance company via GE Capital GE was exposed to financial and capital market risk that required more than a hundred billion bail out.
Hero or villain?
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