Yes, but GE, under the leadership of Jack Welch was the pioneer of the “shareholder profits are the only thing that matters” brand of capitalism in the post WWII era. Prior to Welch GE and most American companies during that time were prioritizing what their company produced, attempted to innovate, and treated their workers with some dignity. Certainly not perfect as foreign exploitation was a major leg propping it up but a far cry from where we are today.