David Gelles is an award-winning reporter for the New York Times. He currently writes for the climate desk and previously wrote for the business section, as well as the “Corner Office” columnist. His latest book, The Man Who Broke Capitalism, was a New York Times bestseller. He lives in New York City with his family.
Get his brilliant book “The Man Who Broke Capitalism” here: https://amzn.to/42y2yMD
Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island.
Get a copy of my books:
“From Wall Street to the White House and Back” https://amzn.to/3Sxk7Xz
“The Little Book of Bitcoin” https://amzn.to/4e2Vnz1
“The Little Book of Hedge Funds” https://amzn.to/4jccAJv
“Hopping over the Rabbit Hole” https://amzn.to/40yFbRI
𝗕𝗼𝗼𝗸 𝗮 𝗖𝗮𝗺𝗲𝗼 𝘄𝗶𝘁𝗵 𝗔𝗻𝘁𝗵𝗼𝗻𝘆!
https://www.cameo.com/themooch
𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝗔𝗻𝘁𝗵𝗼𝗻𝘆’𝘀 𝗼𝘁𝗵𝗲𝗿 𝗽𝗼𝗱𝗰𝗮𝘀𝘁𝘀:
https://www.youtube.com/@RestPoliticsUS
https://www.youtube.com/c/SALTTube/featured
https://www.youtube.com/playlist?list=PL7vUOWh5dtHPEVrRsSGzqNlHEwyQJgCWu
𝗙𝗼𝗹𝗹𝗼𝘄 𝘂𝘀 𝗼𝗻 𝗧𝘄𝗶𝘁𝘁𝗲𝗿:
https://twitter.com/scaramucci
https://twitter.com/SALTConference
𝗙𝗼𝗹𝗹𝗼𝘄 𝘂𝘀 𝗼𝗻 𝗜𝗻𝘀𝘁𝗮𝗴𝗿𝗮𝗺:
https://www.instagram.com/scaramucci/
https://www.instagram.com/salt/
Timestamps
0:00 David Gelles Introduction
1:45 Why Jack Welch matters
3:41 The historical significance of General Electric before Jack Welch
6:09 Discussion of Milton Friedman and the 1970s economic context
8:36 The shift from stakeholder to shareholder focus under Welch
12:17 Welch’s role in spreading disinformation
15:14 How Welch would operate in today’s business environment
17:04 GE’s quarterly earnings management and accounting practices
19:59 American society’s relationship with wealth and corporate heroes
23:10 Succession issues and Jeff Immelt’s leadership