The Shareholder Supremacy
Shareholder Supremacy prioritizes shareholder value over sustainability and customer service. Historical figures like Henry Ford and Jack Welch exemplify profit-driven management, critiqued for dehumanizing labor and promoting corporate greed.
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The article discusses the concept of Shareholder Supremacy, highlighting how companies prioritize shareholder value over customer service and long-term sustainability. It traces the origins of this mindset back to the early 20th century, emphasizing how it has shaped modern capitalism and management practices. The narrative delves into historical figures like Henry Ford and Jack Welch to illustrate the shift towards short-term profit maximization at the expense of employees and innovation. Welch's tenure at General Electric is scrutinized, showcasing his aggressive cost-cutting strategies, including mass layoffs and financial engineering to inflate stock prices. The text critiques Welch's legacy, portraying him as a symbol of corporate greed and the dehumanization of labor. The article concludes by underscoring the detrimental impact of Shareholder Supremacy on management practices, emphasizing its role in reshaping the corporate landscape towards profit-driven decision-making and financial manipulation.
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