In an Interview with the “Financial Times” on “Global Financial Crisis of 2008-09” who said: “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”

This quote criticizing 'shareholder value' as a strategy was given by Jack Welch, the legendary former CEO of General Electric, in a 2009 Financial Times interview. Welch notably stated that shareholder value is a result, not a strategy, emphasizing that employees, customers, and products should be the main focus. This quote is well-documented and represents Welch's late-career reflection on management philosophy.