Did JACK WELCH Destroy General Electric? | The $590 Billion FRAUD That FOOLED Wall Street скачать в хорошем качестве

Did JACK WELCH Destroy General Electric? | The $590 Billion FRAUD That FOOLED Wall Street

Jack Welch was crowned "Manager of the Century" after building General Electric from $14 billion to over $600 billion in market value between 1981-2001. But 20 years later, GE lost $590 billion in shareholder value, required a $139 billion government bailout, faced SEC charges for accounting fraud, and split into 3 companies just to survive. In 2019, forensic accountant Harry Markopolos (who exposed Bernie Madoff) accused GE of $38 billion in accounting fraud dating to Welch's era. In 2020, GE paid $200 million to settle SEC charges for misleading investors. Yet Welch died in March 2020 with $650 million in net worth, a $417 million severance package, and his reputation mostly intact—while his successor Jeff Immelt ($211M retirement package) took all the blame. This video exposes how Welch's obsession with quarterly earnings, forced ranking ("rank and yank"), GE Capital financial engineering, and accounting manipulation created a house of cards that cost millions of shareholders their retirement savings. His disciples spread his toxic methods to Boeing, Home Depot, and dozens of other companies—damaging American capitalism itself. The story reveals why "Manager of the Century" should be remembered as the architect of one of the largest corporate frauds in history ⚠️ DISCLAIMER: While this video covers real historical events and documented SEC charges, we provide educational content only, not financial advice. Our goal is storytelling with practical financial life lessons to help you recognize corporate red flags and understand how short-term thinking destroys long-term value. 👍 ENGAGE WITH US: If this story opened your eyes to how Wall Street's "heroes" can actually be corporate villains, please LIKE this video, SUBSCRIBE to The Sleeping Economist for more billion-dollar scandals you slept through, and COMMENT below: What other "legendary CEOs" should we investigate next? 🔔 TURN ON NOTIFICATIONS so you never miss our deep dives into the economic disasters that changed capitalism while everyone was worshipping false prophets. 📚 SOURCES: SEC enforcement action against GE (December 9, 2020) - $200M penalty Harry Markopolos "General Electric: A Bigger Fraud Than Enron" report (August 15, 2019) GE bankruptcy court filings and financial disclosures (2008-2024) "The Man Who Broke Capitalism" by David Gelles (2022) Fortune Magazine, Wall Street Journal, New York Times reporting on GE collapse (2000-2024) GE Capital federal bailout documentation - $139 billion (2008-2009) Jack Welch severance package and net worth documentation ($417M retirement, $650M net worth at death) Jeff Immelt compensation and retirement package records ($211M) GE split into three companies completion (2024): GE Aerospace, GE Vernova, GE HealthCare #JackWelch #GECollapse #corporatefraud #AccountingScandal #QuarterlyEarnings #shareholdervalue #WallStreetScandal #GECapital #ForcedRanking #corporategreed #generalmotors Jack Welch GE collapse, General Electric accounting fraud, quarterly earnings manipulation, GE Capital bailout 2008, forced ranking system, shareholder value destruction, Harry Markopolos GE report, SEC fine General Electric, corporate fraud scandal, Jeff Immelt scapegoat