Quote:
Originally Posted by noetsi";p="
made his money gutting the standard of living of thousands of hard working Americans. He increased returns to a small handful of elites, IF you think that is a good thing then you do. I dont. Smaller stock profit margins, higher wages for workers is a much better thing to me. And I suspect these days to the overwhelming number of Americans.
try looking sometimes at the increase in real wages for line employees before welch took over and in the years after he took over. Wages went up faster before he took over than after. He traded worker well being for higher profits.
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He increased wages across the board. So mission accomplished. I'm not an elite and neither are those who work for me, despite what moveon.org might tell you to believe. He also added over 100K jobs, any evidence that all or even most of those 100LK went to "elites?" Nope, because no such evidence exists. And unions don't want incentive pay, Welch tried it, if they had accepted then like at Microsoft there would be a lot of rich secretaries holding options.
http://www.pbs.org/newshour/bb/busin...eo4_12-05.html
As far as his reputation worldwide as a leader
http://news.bbc.co.uk/2/hi/business/4275102.stm
http://www.happinessonline.org/Moral...leModel/p3.htm
And GE employee satisfaction grew under Welch. So does that mean with over 300K employees that GE employees mostly "elites?" If so then I guess that is quite a testament to his success, otherwise it means the employees were happy with the job he did as well as their wages, pension (along with a 401k which very few companies offer), etc. Then again, maybe you and whatever left wing website fed you this propoganda knows more than the employees who actually work there. Or the international magazines that consistently rank GE as the most admired company in the world and one of the best companies to work for
http://www.inc.com/inc500/profiles/2..._services.html