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   Packy Anderson (packy@fosstodon.org)'s status on Saturday, 15-Apr-2023 15:55:33 JST Packy Anderson

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   • Radical_EgoCom

   @Radical_EgoCom Can confirm. My mom worked for GE under his tenure, and his nickname was "Neutron Jack" (think neutron bomb), because once he was through with a GE location, "only the buildings remained".

   At my mom's location—capacitors—he got rid of R&D and small capacitor production because "GE is not in the nickel and dime business". Some other company is raking in that money now because Welch wanted GE to only sell big things.

   • clacke likes this.
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     Packy Anderson (packy@fosstodon.org)'s status on Saturday, 15-Apr-2023 15:55:34 JST Packy Anderson

     in reply to

     • Radical_EgoCom

     @Radical_EgoCom #ALT4you
     Tweet from More Perfect Union @MorePerfectUS

     NEW: Elon Musk didn't pioneer the mass layoff or the celebrity CEO. Jack Welch did.

     The CEO of General Electric is the reason companies off-shore jobs, do massive cost- cutting and layoffs, and pour all their profits into stock buybacks.

     He invented the American CEO.

   • Embed this notice
     Radical_EgoCom (radical_egocom@kolektiva.social)'s status on Saturday, 15-Apr-2023 15:55:35 JST Radical_EgoCom

     Who invented the American CEO?