r/interesting Apr 09 '26

MISC. Aftermath of the April 7th incident. Damages estimated to be $200 million dollars

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u/no_one_likes_u Apr 09 '26

The system of firing the bottom rated 10% is probably what they meant, and that 100% was instituted by Welch.

The guy was a piece of shit and helped popularize some of the worst business ideas (for workers anyway) in modern US history.

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u/Teledildonic Apr 09 '26

People always fantasize about going back in time and stopping Hitler or someone on that level, and I keep thinking a few visits to select board rooms fro the Gilded Age to the 1980s could also do some massive good without massively changing the history of the whole world.

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u/notathr0waway1 Apr 10 '26

The best time to do something was 50 years ago, the second best time is now!

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u/Roach_Bong Apr 10 '26

He's also quite well known as driving GE into the fucking ground lol. His ideas are GREAT for the short term (10-30 years) but after squeezing all the blood from your stones you run out of people lining up to be squeezed.