No wonder Jack Welch has repudiated his 1981 Speech at The Pierre in New York City called ‘Growing fast in a slow-growth economy when he firs brought up the concept of “Adding to shareholder value. It certainly has become perverted over the years resulting in him stating in 2009, “Shareholder value is the dumbest idea in the world”. Why- because his second sentence in 1981 was “you create it by providing the best product and service at the best price than your competitors. This article brags about the Insurance industry creating “more value for shareholders over the past five years.. than did other industries, returning 18.5 percent a year to shareholders, compared with a median of 16.2 percent for the 2,400 companies.” Did we provide the best product & service to deserve that ?
No wonder Jack Welch has repudiated his 1981 Speech at The Pierre in New York City called ‘Growing fast in a slow-growth economy when he firs brought up the concept of “Adding to shareholder value. It certainly has become perverted over the years resulting in him stating in 2009, “Shareholder value is the dumbest idea in the world”. Why- because his second sentence in 1981 was “you create it by providing the best product and service at the best price than your competitors. This article brags about the Insurance industry creating “more value for shareholders over the past five years.. than did other industries, returning 18.5 percent a year to shareholders, compared with a median of 16.2 percent for the 2,400 companies.” Did we provide the best product & service to deserve that ?