Lights Out: Pride, Delusion, and the Fall of General Electric Thomas Gryta

Lights Out: Pride, Delusion, and the Fall of General Electric

Author: Thomas Gryta
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Book Title
Lights Out: Pride, Delusion, and the Fall of General Electric
Author
Thomas Gryta
ISBN
9780358250418
A WALL STREET JOURNAL BESTSELLER How could General Electric--perhaps America's most iconic corporation--suffer such a swift and sudden fall from grace? This is the definitive history of General Electric's epic decline, as told by the two Wall Street Journal reporters who covered its fall. Since its founding in 1892, GE has been more than just a corporation. For generations, it was job security, a solidly safe investment, and an elite business education for top managers. GE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America's most valuable corporation. Yet, fewer than two decades later, the GE of old was gone. ​Lights Out examines how Welch's handpicked successor, Jeff Immelt, tried to fix flaws in Welch's profit machine, while stumbling headlong into mistakes of his own. In the end, GE's traditional win-at-all-costs driven culture seemed to lose its direction, which ultimately caused the company's decline on both a personal and organizational scale. Lights Out details how one of America's all-time great companies has been reduced to a cautionary tale for our times. Binding Type: HardcoverAuthor: Thomas Gryta, Ted MannPublisher: Houghton MifflinPublished: 07/21/2020ISBN: 9780358250418Pages: 368Weight: 1.23lbsSize: 9.10h x 6.00w x 1.30dReview Citations: Publishers Weekly 02/17/2020Kirkus Reviews 03/01/2020Library Journal 03/20/2020 pg. 1
A WALL STREET JOURNAL BESTSELLER

How could General Electric--perhaps America's most iconic corporation--suffer such a swift and sudden fall from grace?

This is the definitive history of General Electric's epic decline, as told by the two Wall Street Journal reporters who covered its fall.

Since its founding in 1892, GE has been more than just a corporation. For generations, it was job security, a solidly safe investment, and an elite business education for top managers.

GE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America's most valuable corporation. Yet, fewer than two decades later, the GE of old was gone.

​Lights Out examines how Welch's handpicked successor, Jeff Immelt, tried to fix flaws in Welch's profit machine, while stumbling headlong into mistakes of his own. In the end, GE's traditional win-at-all-costs driven culture seemed to lose its direction, which ultimately caused the company's decline on both a personal and organizational scale. Lights Out details how one of America's all-time great companies has been reduced to a cautionary tale for our times.


Binding Type: Hardcover
Author: Thomas Gryta, Ted Mann
Publisher: Houghton Mifflin
Published: 07/21/2020
ISBN: 9780358250418
Pages: 368
Weight: 1.23lbs
Size: 9.10h x 6.00w x 1.30d

Review Citations: Publishers Weekly 02/17/2020
Kirkus Reviews 03/01/2020
Library Journal 03/20/2020 pg. 1
A WALL STREET JOURNAL BESTSELLER

How could General Electric--perhaps America's most iconic corporation--suffer such a swift and sudden fall from grace?

This is the definitive history of General Electric's epic decline, as told by the two Wall Street Journal reporters who covered its fall.

Since its founding in 1892, GE has been more than just a corporation. For generations, it was job security, a solidly safe investment, and an elite business education for top managers.

GE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America's most valuable corporation. Yet, fewer than two decades later, the GE of old was gone.

​Lights Out examines how Welch's handpicked successor, Jeff Immelt, tried to fix flaws in Welch's profit machine, while stumbling headlong into mistakes of his own. In the end, GE's traditional win-at-all-costs driven culture seemed to lose its direction, which ultimately caused the company's decline on both a personal and organizational scale. Lights Out details how one of America's all-time great companies has been reduced to a cautionary tale for our times.


Binding Type: Hardcover
Author: Thomas Gryta, Ted Mann
Publisher: Houghton Mifflin
Published: 07/21/2020
ISBN: 9780358250418
Pages: 368
Weight: 1.23lbs
Size: 9.10h x 6.00w x 1.30d

Review Citations: Publishers Weekly 02/17/2020
Kirkus Reviews 03/01/2020
Library Journal 03/20/2020 pg. 1