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There's so much more to Reich's article than Welch, who is just one of the people who killed American stakeholder capitalism. But one more thing about Welch. What Welch did at GE was really no different from what "the smartest guys in the room" did at Enron.
Welch was just smarter than Skilling, Lay, Fastow and the rest of them. And down the road GE Financial had to pay for its apparently slightly less than criminal cooking of the books.
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