He may have eventually have 'found religion':

> Regarding shareholder value, Welch said in a Financial Times interview on the 2008 financial crisis, "On the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy...your main constituencies are your employees, your customers and your products."[69]

* https://en.wikipedia.org/wiki/Jack_Welch#Politics

However this was probably much later and when his image was less influential; his earlier career and fame probably really helped accelerate financialisation, and was probably never reset by his later opinions (partly because they may not have been as widely publicized).

Though on climate change:

> Welch identified politically as a Republican.[66] He stated that global warming is "the attack on capitalism that socialism couldn't bring", and that it is a form of "mass neurosis".[67] Yet he said that every business must embrace green products and green ways of doing business, "whether you believe in global warming or not ... because the world wants these products".[68]

* Ibid