The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America and How to Undo His Legacy (Record no. 30101)

MARC details
000 -LEADER
fixed length control field 03888pam a22004215i 4500
001 - CONTROL NUMBER
control field 0010001815947
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20250921161743.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 211018s2022 e 0 eng
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781982176440 ;
Terms of availability 28.00
035 ## - SYSTEM CONTROL NUMBER
System control number 131012363 HARDCOVER
039 ## - LEVEL OF BIBLIOGRAPHIC CONTROL AND CODING DETAIL [OBSOLETE]
Level of rules in bibliographic description 136590
Level of effort used to assign subject headings TLC
040 ## - CATALOGING SOURCE
Original cataloging agency TLC
Description conventions rda
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
082 #4 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 330.122
092 ## - LOCALLY ASSIGNED DEWEY CALL NUMBER (OCLC)
Classification number 330.12 GEL
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Gelles, David,
Relator term Author
Authority record control number or standard number (local)tmpaut920480034277960
245 14 - TITLE STATEMENT
Title The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America and How to Undo His Legacy
263 ## - PROJECTED PUBLICATION DATE
Projected publication date 2022
264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Place of production, publication, distribution, manufacture [Place of publication not identified] :
Name of producer, publisher, distributor, manufacturer Simon & Schuster,
Date of production, publication, distribution, manufacture, or copyright notice May 31, 2022.
300 ## - PHYSICAL DESCRIPTION
Extent 272 Pages
336 ## - CONTENT TYPE
Content type term text
Content type code txt
Source rdacontent
337 ## - MEDIA TYPE
Media type term unmediated
Media type code n
Source rdamedia
338 ## - CARRIER TYPE
Carrier type term volume
Carrier type code nc
Source rdacarrier
380 ## - FORM OF WORK
Form of work Book
Source of term tlcgt
385 ## - AUDIENCE CHARACTERISTICS
Audience term General
Source tlctarget
385 ## - AUDIENCE CHARACTERISTICS
Audience term Adult
Source marctarget
500 ## - GENERAL NOTE
General note New Book 2022 Fall.
520 ## - SUMMARY, ETC.
Summary, etc. In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welch’s achievements didn’t stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GE’s stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day.<br/><br/>Gelles chronicles Welch’s campaign to vaporize hundreds of thousands of jobs in a bid to boost profits, eviscerating the country’s manufacturing base and destabilizing the middle class. Welch’s obsession with downsizing—he eliminated 10% of employees every year—fundamentally altered GE and inspired generations of imitators who have employed his strategies at other companies around the globe. In his day, Welch was corporate America’s leading proponent of mergers and acquisitions, using deals to gobble up competitors and giving rise to an economy that is more concentrated and less dynamic. And Welch pioneered the dark arts of “financialization,” transforming GE from an admired industrial manufacturer into what was effectively an unregulated bank. The finance business was hugely profitable in the short term and helped Welch keep GE’s stock price ticking up. But ultimately, financialization undermined GE and dozens of other Fortune 500 companies.<br/><br/>Gelles shows how Welch’s celebrated emphasis on increasing shareholder value by any means necessary (layoffs, outsourcing, offshoring, acquisitions, and buybacks, to name but a few tactics) became the norm in American business generally. He demonstrates how that approach has led to the greatest socioeconomic inequality since the Great Depression and harmed many of the very companies that have embraced it. And he shows how a generation of Welch acolytes radically transformed companies like Boeing, Home Depot, Kraft Heinz, and more. Finally, Gelles chronicles the change that is now afoot in corporate America, highlighting companies and leaders who have abandoned Welchism and are proving that it is still possible to excel in the business world without destroying livelihoods, gutting communities, and spurning regulation.
521 ## - TARGET AUDIENCE NOTE
Target audience note Adult
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Capitalism
Authority record control number or standard number (DLC)sh 85019958
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Welch, Jack
Source of heading or term local
Authority record control number or standard number (local)tlcaut1180929181833500
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Business ethics
Authority record control number or standard number (DLC)sh 85018297
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economic conditions
Authority record control number or standard number (DLC)sh 85040802
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element 1981-2001
Source of heading or term local
Authority record control number or standard number (local)tlcaut1180958630043500
651 #0 - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name United States
Authority record control number or standard number (DLC)n 78095330
949 ## - LOCAL PROCESSING INFORMATION (OCLC)
a IANF
c 330.12 GEL
g 30404100281052
p 28.00
j 91814
e IANF
f Available
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books
Holdings
Withdrawn status Lost status Damaged status Not for loan Collection Home library Current library Shelving location Date acquired Total checkouts Full call number Barcode Date last seen Cost, replacement price Price effective from Koha item type
          Idaho Springs Public Library Idaho Springs Public Library   09/21/2025   330.12 GEL 30404100281052 09/21/2025 28.00 08/01/2025 Books