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From Jack Welch to Jack Dorsey: a tale of changing capitalism

It is hard to think of two business leaders more dissimilar than the two Jacks, Welch and Dorsey.

By the time he died this week aged 84, “Neutron Jack” Welch, with his testosteronic personality, imperious managerial style and militant espousal of shareholder capitalism, was as much in tune with today’s beat as the Red Z8 cassette players once sold by GE, the vast conglomerate he used to run.

With his hipster beard, beanie hat and fondness for Vipassana meditation, Mr Dorsey positively vibrates with New-Age sensibilities and West Coast vibe. The “Gwyneth Paltrow of Silicon Valley”, as he has been called, is an advocate of a goopier form of capitalism.

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