Sunday, March 15, 2009

Managerial turnaround

When the turnaround in the economy is nowhere in sight, managers do a turnaround. Jack Welch confesses that shareholder value is stupid as a strategy.Jeff Immelt says that even dogs could manage the business in the nineties (Jack Welch pretends not to understand). Ayn Randish Alan Greenspan discovers merit in nationalisation. it is good that the economic crisis has made business leaders less hubristic and more receptive to divergent views.

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