Not wrong, but then he (post-retirement) says things like:
> Regarding shareholder value, Welch said in a Financial Times interview on the global financial crisis of 2008–2009, "On the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy...your main constituencies are your employees, your customers and your products."[67]
* https://en.wikipedia.org/wiki/Jack_Welch#Politics
Given his actions as CEO, what he says (above) and what he actually did, there's some kind of disconnect (unless he had some kind of 'conversion' in retirement).
