''O'Boyle has researched and written a monumental
book that should be mandatory reading for all CEOs and
anyone concerned with business ethics.'' --''The
Philadelphia Inquirer'' ''Superb . . . a spirited study
of General Electric, and of its sometimes brilliant,
sometimes bungling, but always ruthless boss, Jack
Welch.'' --''Chicago Sun-Times'' With convincing passion
and meticulous research, Thomas F. O'Boyle explores the
forces behind General Electric's rise to the top of Wall
Street, questioning if GE, with chief executive officer
Jack Welch at the helm, is still ''bringing good things
to life.'' Welch--explosive, profit-hungry, and
pragmatic--catapulted GE's stocks to the top, up 1,155
percent from 1982 to 1997. O'Boyle argues that these
astounding results have come only with the heavy price
of employees' lives, blighted under the tyranny of
''Neutron Jack'' Welch, so named for his bomb-like
ability to eliminate staff without disturbing
surrounding operations. During Welch's reign, hard-nosed
success tactics--unblinking downsizing, ruthless
acquisition negotiations, and the virtual abandonment of
manufacturing in favor of the more glamorous
entertainment and financial services industries--coexist
with scandals like price-fixing, pollution, and defense
contract fraud. Sure to spark controversy, this
gripping, comprehensive account begs the greater
question: Is Jack Welch's GE a model company for
business in the next century, or is it time to change
the way the world does business? ''Smoothly written and
thoroughly researched.'' --''USA Today'' ''This book
makes a valuable contribution to our understanding of
corporate America. . . . Thomas F. O'Boyle persuades you
that GE--Jack Welch's GE--brings bad things to life. In
abundance.'' --''Washington Monthly'' |
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