Our payment security system encrypts your information during transmission. Reading all the 'dirty laundry' we aren't supposed to know makes me want a shame bell. It began the slippery slope of the fall of GE. It also analyzes reviews to verify trustworthiness. I can always pull out lessons learned or things to apply within my own career, which is great. This presentation of the complex reasons for the decline should be required reading to anyone seeing to get a feeling of the complexities of such a large organization. As such I lived within some of the story laid out here and for me it is fascinating to see what was going on behind the scenes at board level, since most of that was hidden as mere employees. GE’s fall from grace, due to abysmal leadership, was tragically inevitable. The authors have achived their primary goal, to summarize the history of this great Amrican company, its rise to proeminence under the leadership of Jack Welsch, and its decline in the last 20 years, to its current status, a pale shadow : too much financial risk, too much leverage, too much diversification, too opportunitic in its management, etc. Lights Out's authors paint a damning portrait of Immelt’s 16 years at the helm of GE, where a rubber-stamp board of directors allowed him to hemorrhage money almost unchecked. This book is no exception. The authors did get it right that the ethos of GE continues to be attractive to people that work there. Thats not to say after the read you aren't left with your own opinion of where it went wrong. A good read. Please try again. The plight of GE is a real shame. .orange-text-color {font-weight:bold; color: #FE971E;}Enjoy features only possible in digital – start reading right away, carry your library with you, adjust the font, create shareable notes and highlights, and more. This was an account of the fall of General Electric. And has this, uh, unprecedented year gotten completely in the way of... To see what your friends thought of this book, Lights Out: Pride, Delusion, and the Fall of General Electric, First let me put in context my interest in this book. And we could see that every day. Unfortunately for him, his tenure was marked by two of the worst disasters to hit modern business and our country, the 911 attacks and the 2008 financial crisis. .orange-text-color {color: #FE971E;} Discover additional details about the events, people, and places in your book, with Wikipedia integration. Remember that awesome Christmas Lights Gone Wild video from last year? Although they did try to define the terms it still didn’t help. Their book tells the story of GE, beginning with Jack Welch’s final years as CEO. You are. These LEDs provide a full-spectrum of color changing light and are available in a … As an ex GE-Capital employee, it's my view that senior managers and top leadership were only concerned with 1) protecting their bonus & compensation and 2) their ability to move-up. The GE “meatball”, Even though I spent my career in business, I rarely read business books. Enjoy a great reading experience when you borrow the Kindle edition of this book with your Kindle Unlimited membership. Reviewed in the United States on July 21, 2020. Goodreads helps you keep track of books you want to read. Top subscription boxes – right to your door, Lessons from the Titans: What Companies in the New Economy Can Learn from the Great Industrial…, © 1996-2020, Amazon.com, Inc. or its affiliates. Even though I spent my career in business, I rarely read business books. Our newest Color Effects® LED light sets feature 7 colors, 53 functions, and an easy to use remote control. Based on this book, I would remove any thought of adding Jack Welsh to the business CEO Mt Rushmore class. Fascinating and slightly horrifying that a company with such a reputation as Ge could be so dysfunctional. After reading this I suggest reading the ride of a lifetime by Robert Iger for a different approach and outcome. Most of the story has been told in the news for anyone who has followed the stock or worked at the company. Financial services is a double edged sword. Also GE appeared to be a fairly buttoned up organization, especially under Immelt. If this isn’t an indictment of the criminality of both positions being held by the same individual, nothing comes close. This was a fantastic exploration into the inner workings of GE. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. This was a good inside scoop on the rise and fall of GE from the time of Jack Welch to the new leadership under Larry Culp. I went to middle and high school with Ted Mann; he’s always been smart and a skilled writer. He would point at some of the management hypocrisies even back then. While the book does not try to draw broader lessons around organizational decline (a missed opportunity), I think we can apply some of GE's lessons to higher ed. Are some great lessons for leaders and especially leaders in the evenings want something cheap and cheerful to fill space! Fiction to catch up with some nonfiction is and if the reviewer bought the item on Amazon light are! Guilty pleasure of reading books about spectacular business failures that details the fall of General Electric, reviewed the! 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