We can thank Milton Friedman and Jack Welsh for much of that shift.
Friedman popularized an idea that shareholders should be prioritized above all else and Jack Welsh implemented it at GE, showing just how much profit can be made when you care only about the money/stock.
Friedman popularized an idea that shareholders should be prioritized above all else and Jack Welsh implemented it at GE, showing just how much profit can be made when you care only about the money/stock.