Tag Archives | Jack Welch

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Unilever focuses on long-term investors

Its now 18 months since Jack Welch publicly abandoned his views on the importance of shareholder value, and said it was “a dumb idea for executives to focus so heavily on quarterly profits and share price gains“. This was very significant, as Welch was generally credited with popularising the idea in a 1981 speech, when […]

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Value creation for People, Planet and Profit

The financial crisis has highlighted the need to move away from the simplistic approach of the “shareholder value” cult, where short-term targets dominate company thinking. Even Jack Welch, former GE CEO and original instigator of the approach, now agrees that the concept was “a dumb idea“. The blog therefore welcomes DSM’s new approach to the […]

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