Slate Money - The Man Who Broke Capitalism

Slate Money

Slate Podcasts

Investing, Business

4.1 • 1.1K Ratings

🗓️ 28 May 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers talk to David Gelles of the New York Times about his new book The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy. They discuss the infamous former CEO of GE and his lasting negative effect on the American corporate landscape.

In the Plus segment: More with David Gelles.

Podcast production by Jessamine Molli.

David Gelles is an author and a correspondent on the Climate desk at the New York Times.

Thanks Avast.com!

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Transcript

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0:00.0	Hello and welcome to the man who broke capitalism episode of Slate Money,
0:19.2	your guide to the business and finance news of the week and quite possibly of the past 80 years because not only am I Felixham and
0:28.2	Vaxios on this show but I all am joined as ever by Emily Peck also of Axios.
0:33.7	Hello.
0:34.7	We are joined by Elizabeth Spires.
0:37.0	Hi.
0:38.0	And we are joined by David Gellis of the New York Times.
0:41.6	David, welcome.
0:43.0	Thank you so much for having me.
0:45.0	You are here to plug a book and oh my God like we have so much to talk about in this book but first of all
0:51.0	what is the name of the book?
0:53.5	The man who broke capitalism, how Jack Welch gutted the heartland and crushed the soul of
0:59.3	corporate America and how to undo his legacy. Oh my God, gutting and crushing and souls.
1:06.0	Yeah, you can tell this is going to be a meaty one.
1:09.0	We're going to talk about exactly that.
1:10.0	Jack Welch, his legacy.
1:12.0	We're going to talk about Davos man, stakeholder
1:16.4	capitalism. We're going to talk about earnings smoothing. We're going to talk
1:20.5	about private equity. We're going to talk about offshoring, outsourcing, financial shenanigans.
1:27.0	It's a meaty fun episode and it's all coming up on Slateet Money.
1:34.0	This episode is brought to you by Revolute.
1:37.0	Revolute is your perfect travel companion for all things money.
	...

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