Robert Reich: Jack Welch And The End Of Stakeholder Capitalism – OpEd

Between 1981, when Jack Welch took the helm at GE, and 2001, when he retired, GE’s stock value soared from $14 billion to $400 billion. Welch accomplished this largely by slashing American jobs. 

I want to focus on Jack Welch today because Welch represents a stunning change that occurred in American capitalism in the 1980s,...