Fortune magazine agrees – rank and yank is dead

Its always encouraging when the Fortune Magazine (MSM) agrees with a call we made  2 months ago – the death of “rank and yank“.  Fortune has actually gone one step further and declared most of Jack Welch’s rules as obsolete in the current circumstances, including his famous rule “be the No.1 or No.2 in the market or exit the market”.  This has appeared as the cover story titled “tearing up the Jack Welch Playbook”  in the latest issue of Fortune Magazine. Check it out. Flashback:
1. Tournament theory of compensation