Others
22 April 2010
THE era of “Jack Welch capitalism” may be drawing to a close, predicted Richard Lambert, the head of the Confederation of British Industry (CBI), in a speech last month. When “Neutron Jack” (so nicknamed for his readiness to fire employees) ran GE, he was regarded as the incarnation of the idea that a firm's sole aim should be maximising returns to its shareholders.
![The Economist The Economist](/sites/default/files/styles/img_style_publication_listing_image/public/publications-2018-01/wbd.jpg?itok=tj9CQHjh)