Jack Welch unplugged

The price of GE stock has gotten to Jack Welch. You can feel his spit, across the Atlantic:

“On the face of it, shareholder value is the dumbest idea in the world,” he said. “Shareholder value is a result, not a strategy...Your main constituencies are your employees, your customers and your products.

“It is a dumb idea,” he said. “The idea that shareholder value is a strategy is insane. It is the product of your combined efforts – from the management to the employees”.
http://www.ft.com/cms/s/0/294ff1f2-0f27-11de-ba10-0000779fd2ac,dwp_uuid=c770f55e-0fac-11de-a8ae-0000779fd2ac.html

Jack's been hanging out with Alan G!