I can’t say I know the truth, but the sentiment is that Welch divested from R&D, focused on “financialization” I.e. investing in financial instruments over addi

I can’t say I know the truth, but the sentiment is that Welch divested from R&D, focused on “financialization” I.e. investing in financial instruments over adding real value, made big short term gains, and doomed the future of the company.