Jack Welch Inflicted Great Damage on Corporate America
The singular focus on shareholder value, to the exclusion of all else, has greatly damaged society.There needs be a conscientious realignment to maximizing stakeholder value.The corporation is best way to organize labour and capital in productive ways that we've ever come up with and it can be a tool for immense good, but not if it disregards the society, the environment, or the community it operates in.