Jack Welch-trained MBA warns on mass layoffs

intercst

Nardelli, Jeff Immelt, and James McNerney all learned their craft at Welch’s knee. Immelt was left with the mess Welch had created at GE. McNerney moved on to hollow out Boeing. Nardelli became notorious for laying off everyone at Home Depot who had any building trade experience, and replacing them with part timers who knew nothing, but were cheaper. Nardelli was voted “worst CEO in the US”. After HD, Nardelli moved on to running Chrysler into the ground for Cerberus.

Of course, employees are a cost to be minimized. That is what all three learned from their guru.

Steve

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We’re in Late-Stage Welchism.

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We’re in Late-Stage Welchism.

Is that the point where the COMMIES!!! take over?

Or, is that the point where all actual productive work is offshored, and the entire economy floats on financial speculation?

Steve

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Quite an excellent summary. A book of 300 pages couldn’t make the case better, but it’s hard to charge $29.95 for a paragraph.

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As you’ve often noted, we’ve been leaning towards the latter for a long time.

Policies to establish more productive growth in this country and return to fairer more progressive taxation would be healthy for the long term.

But, it will disingenuously be called socialism or communism to scare people away from voting for their best interests.

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That is the rhetoric being used every day. A couple years ago, the chief of Detroit PD retired from the force to launch a run for Gov. He fell right in line, bellowing about the “socialists” and “communists”.

Steve

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Someone, please let me know when we have a mass layoff of Jack Welch trained MBAs.

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