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Lights out
Paperback
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- Book Synopsis
- A WALL STREET JOURNAL BESTSELLER "If you're in any kind of leadership role-whether at a company, a non-profit, or somewhere else-there's a lot you can learn here."-Bill Gates, Gates Notes 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.
- About The Author
- THOMAS GRYTA writes about General Electric for the Wall Street Journal. Previously he covered the telecommunications industry for the Journal and was a Knight-Bagehot fellow at Columbia University. In prior work around the newsroom he covered the biotechnology industry and did general assignment reporting and copyediting. Gryta studied history at the University of Massachusetts, including a year in Germany. He lives in New Jersey with his wife and three children.
- Product Details
-
- ISBN
- 9780358567059
- Format
- Paperback
- Publisher
- Mariner Books, (16 August 2021)
- Number of Pages
- 384
- Weight
- 326.59 grams
- Language
- English
- Dimensions
- 203 x 135 x 24 mm
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