Slate Money - The Man Who Broke Capitalism
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 28 May 2022
⏱️ 54 minutes
🧾️ 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.
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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, your guide to the business and finance news of the week and quite |
| 0:22.6 | possibly of the past 80 years, because not only am I, Felix Salmon of Axios, but I am joined |
| 0:31.4 | as ever by Emily Peck, also of Axios. |
| 0:33.8 | Hello. |
| 0:35.1 | We are joined by Elizabeth Spires. |
| 0:37.1 | Hi. |
| 0:38.1 | And we are joined by David Gallis of the New York Times. |
| 0:41.7 | David, welcome. |
| 0:43.1 | Thank you so much for having me. |
| 0:44.8 | You are here to plug a book. |
| 0:46.6 | And oh my God, like we have so much to talk about in this book. |
| 0:50.1 | But first of all, what is the name of the book? |
| 0:53.5 | The man who broke capitalism. |
| 0:55.7 | How Jack Welch gutted the heartland and crushed the soul of corporate America and how to undo his legacy. |
| 1:03.1 | Oh my God, gutting and crushing and souls. |
| 1:06.4 | Yeah, you can tell this is going to be a meaty one. |
| 1:08.8 | We're going to talk about exactly that. |
| 1:10.6 | Jack Welch, his legacy. We're going to talk about exactly that. Jack Welch, his legacy. |
| 1:12.7 | We're going to talk about Davos Man, stakeholder capitalism. |
| 1:16.9 | We're going to talk about earnings, smoothing. |
| 1:20.2 | We're going to talk about private equity. |
| 1:21.9 | We're going to talk about offshoring, outsourcing financial shenanigans. |
... |
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