- Hardcover: 432 pages
- Publisher: PublicAffairs,U.S.; 1 edition (May 30, 2017)
- Language: English
- ISBN-10: 1586489143
- ISBN-13: 978-1586489144
- Product Dimensions: 6.2 x 1.4 x 9.5 inches
- Shipping Weight: 658 g
- Average Customer Review: Be the first to review this item
The End of Loyalty: The Rise and Fall of Good Jobs in America Hardcover – 30 May 2017
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"The End of Loyalty is the rich story of how the corporate bonds that were once essential to American life have fractured. It's a prescient book that helps explain the rise of Donald Trump and why so many people feel anger and an acute sense of loss."--Jill Abramson, former executive editor of the New York Times
"The End of Loyalty tells a story that needs to be told. Rick Wartzman vividly describes a world in which corporate leaders believed that good business meant generating value for their employees as well as their shareholders, an old-fashioned attitude whose time may come again. It's a great book."--Anne-Marie Slaughter, president and CEO of New America and author of Unfinished Business
"In a lucid economic history of the last seventy-five years, Rick Wartzman's The End of Loyalty convincingly argues that the economic angst and political turbulence of our moment are linked to the collapse of a corporate social contract that guided American economic life for much of the twentieth century. While Wartzman places much of the blame for this problem on business and a growing obsession with profit, he challenges all of us-liberals and conservatives, CEOs and union members-to imagine what a new social contract might look like."--E. J. Dionne Jr., author of Our Divided Political Heart and Why the Right Went Wrong
"A timely and urgent book. Meticulously written and impressively researched, Rick Wartzman's The End of Loyalty is a penetrating account of the end of the golden years of American capitalism and the unraveling of the social contract. This book will be required reading for anyone hoping to understand our current age of anxiety."--Greg Grandin, author of Kissinger's Shadow and Fordlandia
"Rick Wartzman is one of America's finest journalists and this book reminds us why. The End of Loyalty is the story of an idea-that companies and workers are bound not just by formal agreements, but by a deeper social contract. With a historian's sweep and a novelist's eye for detail, Wartzman shows how that contract unraveled and what its demise means for all of us. This is a book people will be reading for many years to understand the American experience."--Daniel H. Pink, author of Drive, A Whole New Mind, and To Sell Is Human
"The changing relationship between large American corporations and their workers in the 20th century provides the basis for this thoughtful and enlightening volume by Wartzman... Highly recommended for general readers and those interested in labor-management issues."--Library Journal
"A brilliant, rogue history of American business's transformation over the past 75 years."--Forbes
"Wartzman, senior advisor at the Drucker Institute, explores what could be the defining questions of the twenty-first century-where we were, where we are, and where we are headed in terms of jobs and the nature of corporate America in all its bitter reality. His research is excellent and even-handed... Essential reading for those who have ever worried about their jobs."--Booklist
"A sharp-edged examination of why large American employers shifted from loyalty to their workers to loyalty focused primarily on stockholders. Through deep reporting and anecdotal storytelling, former Wall Street Journal and Los Angeles Times writer and editor Wartzman delineates the often shameful evolution of policies by concentrating on four of the biggest corporations in the world: Coca-Cola, Kodak, General Motors, and General Electric... A lively history with relevance to every worker."--Kirkus
"Wartzman, a senior advisor at the Drucker Institute, documents the deterioration of company-employee loyalty at some of America's corporate giants in this insightful economic history...This impeccably written treatise asserts that it's imperative for Americans to 'share our prosperity more broadly once again' and reinstitute a stronger social contract between corporate executives and the workers who make a company successful."--Publishers Weekly
About the Author
Rick Wartzman is a Senior Advisor at the Drucker Institute, where he was Executive Director until early 2016. His books include Obscene in the Extreme, The King of California, and What Would Drucker Do Now? A former writer and editor at the Wall Street Journal and the Los Angeles Times, he currently comments on the future of work for Fortune online. He lives in Los Angeles.
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And I know because I worked for GE and other big US Corporations
from 1968 to 2010 and saw it all happen.
If anything I would say the level of betrayal was even GREATER than
portrayed in the book. US corporations planned, organized and
facilitated the move of American manufacturing jobs overseas.
From the design and development of container ships to ship goods
around the world to the Internet to control and coordinate production
overseas. The reason there are so many empty factories in the US,
is that companies packed up the machines and sent them to new
factories they had built overseas. In so doing they were shipping
the technical and engineering knowledge overseas too.
So where America had the best engineering and manufacturing
technology in the World in many fields, now we don't do that any
more and are falling behind. I am sure industrial espionage has
played some part in this, but in many cases the technology
transfer was planned and executed by US Corporations.
The US Corporations are now working on moving the
engineering, marketing and help desk work overseas.
How can this possibly benefit our country!