Comments on: Calling it ‘dumb,’ GE’s Welch quits as high priest of shareholder-value cult http://minnesotaindependent.com/29058/calling-it-dumb-ges-welch-quits-as-high-priest-of-shareholder-value-cult News. Politics. Media. Wed, 30 Nov 2011 23:48:28 +0000 hourly 1 http://wordpress.org/?v=3.1 By: jonerik http://minnesotaindependent.com/29058/calling-it-dumb-ges-welch-quits-as-high-priest-of-shareholder-value-cult/comment-page-1#comment-26899 jonerik Sun, 15 Mar 2009 01:44:48 +0000 http://minnesotaindependent.com/?p=29058#comment-26899 I think "neutron jack" was misunderstood. I've never cared for the fellow's ideas myself but he seems to be repudiating them himself here in the sense that he's saying the maximization of shareholder value as an end in itself is wrong. What he's saying is that it's insane to make shareholder value i.e. stock value, the be all and end all of your corporate existence. Employees, your product and your customers need to be first. The shareholder's value is maximized when your the goals are focused on your employees, your product and your customers. That's pretty conventional corporate marketing theory. And in that he's right and is probably coming as close to an admission of being wrong as you're ever going to see from a guy like Welch. I think “neutron jack” was misunderstood. I’ve never cared for the fellow’s ideas myself but he seems to be repudiating them himself here in the sense that he’s saying the maximization of shareholder value as an end in itself is wrong. What he’s saying is that it’s insane to make shareholder value i.e. stock value, the be all and end all of your corporate existence. Employees, your product and your customers need to be first. The shareholder’s value is maximized when your the goals are focused on your employees, your product and your customers. That’s pretty conventional corporate marketing theory. And in that he’s right and is probably coming as close to an admission of being wrong as you’re ever going to see from a guy like Welch.

]]> By: Rayne http://minnesotaindependent.com/29058/calling-it-dumb-ges-welch-quits-as-high-priest-of-shareholder-value-cult/comment-page-1#comment-26839 Rayne Fri, 13 Mar 2009 20:45:56 +0000 http://minnesotaindependent.com/?p=29058#comment-26839 Wow. And out of the other side of his face, old man Welch is crabbing about Obama and administration "demonizing Wall Street and shareholders." This guy is, has been, will always be "Neutron Jack." Wow. And out of the other side of his face, old man Welch is crabbing about Obama and administration “demonizing Wall Street and shareholders.”

This guy is, has been, will always be “Neutron Jack.”

]]> By: Tim http://minnesotaindependent.com/29058/calling-it-dumb-ges-welch-quits-as-high-priest-of-shareholder-value-cult/comment-page-1#comment-26835 Tim Fri, 13 Mar 2009 20:36:30 +0000 http://minnesotaindependent.com/?p=29058#comment-26835 Leave it to TheDeal.com to position economic philosophy as though it were physical science. Gravity is not a choice. Private property, markets, and currency are all philosophical constructs that are different in all cultures and across all periods of time. Leave it to TheDeal.com to position economic philosophy as though it were physical science.

Gravity is not a choice. Private property, markets, and currency are all philosophical constructs that are different in all cultures and across all periods of time.

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