Jack Welch always cared for short term gains and was known to put shareholder gains before people in GE
His rating criteria for people was based on two criteria:
1) Performance & 2) Potential which is future performance
Such a short term profit centred mindset is a perfect example of a finite mindset where profits are put ahead of people.
Needlessly to day this eroded the work culture and employee trust and had it not been for a $300 billion bailout by the US government , GE would have been history by now
Adopted from Simon Sinek’s book “The Infinite Game”
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