The Man Who Broke Capitalism

That man is the late and lionized CEO of General Electric, Jack Welch, whose relentless pursuit of quarterly earnings and shareholder value at the exclusion of everything else influenced generations of CEOs and his approach could be the single biggest reason the U.S. finds itself in the precarious economic and political state it is. Ralph speaks with New York Times columnist, David Gelles, who wrote the book on Welch, “The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America — and How to Undo His Legacy.” Plus, Ralph rails against the proposed congressional handout to the microchip industry and the Senate oversight committee’s lack of oversight of the Pentagon budget.