The house that Jack built

[Jeff Walker]

Boulwareism itself is a term used to describe a bargaining strategy where
supervisory employees are polled to determine the interests of the
bargaining unit, then the data are researched and a complete package deal is
formulated.  The company then releases the proposal to the public and begins
a campaign around the fairness of their offer, and adopts the stance at the
table that this is a "firm, fair offer" (NLRB v. General Electric, 2nd Cir.
1959) and the company won't get off their position unless the union can show
some flaw or mistake in their data (which, of course, is not fully released
to the union).

Jeff

----- Original Message -----
From: "Michael Perelman" <michael at ecst.csuchico.edu>
To: <lbo-talk at lists.panix.com>
Sent: Friday, July 21, 2000 5:01 PM
Subject: Re: The house that Jack built


> I thought that a GE, vp., Bulwer (sp?), was the bulwark of anti-union
activity
> during the 50s and maybe early 60s.
>
> Carl Remick wrote:
>
> > Certainly no greater cult of personality exists than the one that has
grown
> > up around GE CEO Jack Welch, who has received an advance of $7.1 million
> > from Time Warner for a book about his career and philosophy.
> >
> > In an editorial entitled "The Welsh Mystique," the NY Times yesterday
summed
> > up Welch's career this way:  "He took a company with a market value of
$12
> > billion and [in 20 years] turned it into a company worth $500 billion.
> > Along the way he sold off underperforming divisions and fired about
100,000
> > people, thus earning himself the name 'Neutron Jack.'"
> >
> > The NYT clearly thinks the tradeoff was worth it, since Welch's gung-ho
> > management style "freed [GE] of fuzzy paternalism."
> >
> > Waddya think LBOers -- is $488B in added market cap worth 100K pink
slips
> > and freedom from fuzziness?
> >
> > Carl
> > ________________________________________________________________________
> > Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu
>
>
>