Jack Welch’s shareholder value bombshell

My colleague Francesco Guerrera pulled off a wonderful scoop the other day when he asked Jack Welch, former chief executive of GE, for his views on how business leaders should be running their companies in these chaotic times.

“On the face of it, shareholder value is the dumbest idea in the world,” he declared to a stunned world.

In recent days Mr Welch has tried to finesse his position a little, but he has not withdrawn the orginal comment.

What do you make of it?



About the authors

Stefan Stern writes a column on Tuesdays on management. He is winner of the 2010 Towers Watson award for excellence in HR journalism, and has previously won awards from the Work Foundation and the Management Consultancies Association.

Ravi Mattu is the editor of Business Life, the FT's management features section, and a former editor of the Mastering Management series. He joined the FT in 2000 from Prospect magazine

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