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Jack Welch style management and shareholder capitalism are some of the most destructive forces in the US economy.
Jack Welch style management and shareholder capitalism are some of the most destructive forces in the US economy.
What can reasonably be done to combat it? Leadership at all the biggest firms is on board with shareholder capitalism. To them, Welch style management just means line goes up...
Earlier quoted context omitted.
What can reasonably be done to combat it? Leadership at all the biggest firms is on board with shareholder capitalism. To them, Welch style management just means line goes up...
It's going to take a long time, but first is to destroy the myth that corporations have one purpose they need to fulfill: Generate revenue and ensure things are profitable for shareholders. This myth artificially took root in the 1970s. Business schools have to stop teaching this.
Earlier quoted context omitted.
What can reasonably be done to combat it? Leadership at all the biggest firms is on board with shareholder capitalism. To them, Welch style management just means line goes up...
It's going to take a long time, but first is to destroy the myth that corporations have one purpose they need to fulfill: Generate revenue and ensure things are profitable for shareholders. This myth artificially took root in the 1970s. Business schools have to stop teaching this.
We need to pierce the corporate veil and directly go after the responsible individuals when they, either directly or by deliberate ignorance, cause problems that lead to people dying etc. No shielding behind a corporation if your decisions to make lots more bucks led to avoidable deaths.
Earlier quoted context omitted.
Answering the question by repeating the myth doesn't really seem to be what they are asking for.
Well it's the way GE was run and look what happened to them. Caring only about your share price is a great way to ruin a company. The share price should be the result of a well run business not the true north of the company. By making the metric into the goal it totally defeats the purpose of the metric.
This is the “everybody knows” narrative that seems to get trotted out whenever modern Boeing has problems. I’m curious - how much of it is true? Is it really systemic, or has it manifested only with one specific model plane? It seems to fit very well with the “financialization is bad” narrative, too, but is there any other data to support the claims? It’s possible that engineer-driven Boeing could have fucked up the…
Boeing said at the time the changes would improve quality.
https://www.seattletimes.com/business/boeing-aerospace/boein...
This is the “everybody knows” narrative that seems to get trotted out whenever modern Boeing has problems. I’m curious - how much of it is true? Is it really systemic, or has it manifested only with one specific model plane? It seems to fit very well with the “financialization is bad” narrative, too, but is there any other data to support the claims? It’s possible that engineer-driven Boeing could have fucked up the…
If it was only 1 isolated issue ok sure... But there are now several serious safety issues. The 2 crashes killing hundreds in 2018. The quality issues with the manufacturing of the pressure bulkheads with "snowman" holes thst had to be fixed or the rudder bolts that thst hold the assembly to the fuselage that an employee noticed that weren't the same as the spec drawings? There are probably more cases... With the mul…
https://simpleflying.com/boeing-737-max-10-certification-fli...
Jack Welch style management and shareholder capitalism are some of the most destructive forces in the US economy.
What can reasonably be done to combat it? Leadership at all the biggest firms is on board with shareholder capitalism. To them, Welch style management just means line goes up...