Jack Welch's legacy: value for shareholders, but not necessarily for workers

Mar 2, 2020
Once upon a time, GE put share owners last in line for company revenues. That changed in the '80s and '90s.
Former GE Chairman and CEO Jack Welch, left, and then-Chairman-Elect Jeffrey Immelt announce Immelt's appointment in 2000.
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Two big stock buybacks revive a debate

Sep 22, 2016
Shareholders like the practice, but is it good for the economy?


Microsoft is planning for a $40 billion buyback.
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You and me? We want to maximize shareholder value, too

Jun 16, 2016
A lot of the money behind activist investors comes from pension funds and mutual funds.
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Former CEO weighs in on shareholder value

Jun 16, 2016
Bill George says a company should be driven by a mission, not a stock price.
Bill George, former CEO of Medtronic. 
Credit: University of Pennsylvania, Wharton

Sears crumbles as buybacks go up

Jun 16, 2016
It's a story of a century-old business imploding.
"The company told me they truly believe they are positioning the department store for a resurgence," says reporter Hayley Peterson.
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What business schools teach about shareholder value

Jun 15, 2016
More schools are telling students that profits aren't the only consideration.
Inside a Harvard Business School classroom.
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How shareholders jumped to first in line for profits

Jun 14, 2016
A business theory helped put profits for shareholders ahead of other corporate interests.
Milton Friedman, one of the most influential economists of the 20th century.
PBS

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An anthropologist's view of Wall Street

Jun 14, 2016
'The smartest guy in the room' doesn't have a long-term outlook, Karen Ho says.
"They're sort of cultivated and come to understand themselves as the smartest guy in the room," says anthropologist Karen Ho of Wall Street culture.
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Is shareholder value a myth?

Jun 14, 2016
Law professor and author Lynn Stout thinks so.
General Motors shareholders listen as then-General Motors Chairman and CEO Richard Wagoner, Jr., not shown, speaks during a meeting.
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Introducing "The Price of Profits"

Jun 13, 2016
We're exploring what happens when profits become a company’s product, in partnership with Business Insider.
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