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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”
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A
Jack Welch
💡 Explanation:
Jack Welch, former GE CEO, made this statement in a 2009 Financial Times interview, famously renouncing his earlier advocacy for shareholder value primacy. This quote reflects his revised view that shareholder value is an outcome, not a strategy. Bill Gates, Richard Fuld (Lehman Brothers CEO during crisis), and Fritz Henderson (GM) are not associated with this quote.