The authors did get it right that the ethos of GE continues to be attractive to people that work there. I read this book using immersion reading, while listening to the audio book. Thats not to say after the read you aren't left with your own opinion of where it went wrong. My only gripe in an otherwise interesting read. Welcome back. There was an error retrieving your Wish Lists. But after a while the book felt like a boring video you were forced to watch in Jr. High on a hot day with the lights off. If you just want something cheap and cheerful to fill out a few fixtures, GE's A19 four-pack is a solid pick. Based on this book, I would remove any thought of adding Jack Welsh to the business CEO Mt Rushmore class. GE’s fall from grace, due to abysmal leadership, was tragically inevitable. Rambling. Find all the books, read about the author, and more. Welch may have made lots of money for the company during his best decade, but he led the company away from core strengths by distracting it with the now discredited financing business and other ridiculous diversions. It is a straight forward account of what happened. I can always pull out lessons learned or things to apply within my own career, which is great. “Lights Out is the definitive story of an American business powerhouse losing its way. I very much enjoyed the treatment of the shrinking of GE. I have these in my living room floor lamp. There are many lessons learned in this book. Looking from my vantage point, the GE Capital story always looked a bit too good to be true but what did I know? Plus, there’s no hub required, so you can simply connect and control. I was particular interested in the messaging delivered by senior leadership about the state the company was in because I’ve worked in that space in corporate communications, but I also found the strategy behind each acquisition fascinating. I also come from a family who had lots of relatives work at GE and held the company in reverence. Two Wall Street Journal reporters expand years of their newspaper coverage into a detailed book about the decline of General Electric due in large part to management incompetence, greed, and dishonesty.. I was very interested to see this book as I have watched from afar to see the collapse of GE. Also GE appeared to be a fairly buttoned up organization, especially under Immelt. Notably strong language in the epilogue on the failure of the board who oversaw it all without really challenging what was going on. Reviewed in the United States on July 27, 2020. You're listening to a sample of the Audible audio edition. Even though I spent my career in business, I rarely read business books. The book provides an informative explanation and character examination of Jeff Immelt as the CEO of GE. I don’t know if accounting fraud was committed, but from what I’ve witnessed in meetings I wouldn’t be surprised.GE’s sick culture of humiliating people (in front of their peers) for not meeting numbers or making specific sales, regardless of reason, is enough to make anyone consider dishonesty to avoid torture. This was an account of the fall of General Electric. Unable to add item to List. To be fair there were a number of anecdotes but this read like a textbook in parts. It's all here in detail. The authors did get it right that the ethos of GE continues to be attractive to people that work there. The leaders of the companies are most instrumental in their success or failure. There's a problem loading this menu right now. Welch turned leadership into a cult that Immelt happily continued. A good read. GE business leaders would now convene to come up with “Imagination Breakthroughs”—that is, ideas about products the company should design and sell.”, Goodreads Members Suggest: Favorite Very Quick Reads. As related in Lights Out, the authors deal with the question “what happened?” that took a company that was at one time the most valuable corporation in the world and one of America’s most admired companies to a much smaller shell of its former self today. I am a GE employee, not by choice, but through chance as the company I worked for was taken over 9 years ago (I was a bit disappointed that the takeover was not mentioned in the book, although I guess $3 billion dollars is small fare in this story). A bio and his approach brought GE billions despite the old boys club atmosphere, GE had. Lights Out: A Cyber Attack, a Nation Unprepared, Surviving the Aftermath is a cautionary tale. Its still hard to tell where it all went wrong for GE. I got into this at first. 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. You are. The book would've been better with a more emotive narrator. Ted Koppel's intensely researched book presents a scenario that trumps dystopian novels about zombies and plague--because this threat is real. 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. This has been perfect for what I needed. The book centers on the company’s dramatic decline, starting with longtime CEO Jack Welch’s exit in September 2001, and his replacement by his handpicked successor, Jeff Immelt. Reviewed in the United States on September 13, 2020. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. He would point at some of the management hypocrisies even back then. I worked twenty-five years for GE. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. As they said at work, "You cannot spell change without GE". Reviewed in the United Kingdom on October 26, 2020. As they told us "GE makes things that change the world". Wireless Mr. Christmas - Lights and Sounds of Christmas Device!. Their book tells the story of GE, beginning with Jack Welch’s final years as CEO. I did learn some insights on why things happened the way they did but I would not trade my time and experience at GE for anything. Lights Out: Pride, Delusion, and the Fall of General Electric, Audio CD, Audiobook, MP3 Audio, Unabridged. And we could see that every day. The wee people can c. A sad story of management hubris and blindness to reality. He sensed the insular culture and incompetence of senior management as GE capital became the dominant source of "paper productivity" in the company. When I finally got an offer I just couldn't believe how blessed I was. Did you set an extremely ambitious Reading Challenge goal back in January? The authors paint a picture of an organization that enjoyed a stellar reputation that was destroyed by scores of unwise decisions by senior leadership. It was a challenging and exciting place to work. Immelt was intent on putting marketing at the heart of GE strategy to dictate not just how the company sold the things it made but what it made in the first place. This book got enough wrong in the places I have first hand knowledge to not be worth reading. This book not. But not all issues arise with a CEO who has to have an elevator waiting for him, shelves stocked with his favorite diet soda, the wasteful use of private planes (really...you needed a second one following the first in case the f. Lights Out is another example of yet another major company started in the early 1900's that fell on hard times due to all the usual practices....ego, greed, piss poor decisions and I could go on. The GE “meatball”, Even though I spent my career in business, I rarely read business books. 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. I wanted it to be casual enough to act as a reading light but bright enough to fill the space in the evenings. Houghton Mifflin Harcourt (July 21, 2020), Reviewed in the United States on July 26, 2020. This book was an intriguing story about the fall of GE, and the people and processes responsible. The book does a good job supplementing the known facts with a more honest portrait of the company culture back to Jack Welch and some colorful stories that adds background behind the well studied loss of shareholder value. As an employee of GE Capital, I lived through part of the events described. Acompanho a GE desde o anos 80 e no final dos 90 li várias matérias a respeito da sucessão do Jack Welch. seems written by a committee and then edited quite hastily. Leading up to GE ’ s tragic fall based on this book using immersion reading, while listening to point! Of life fill the space in the United States on July 28, 2020 so i can always pull lessons. Effects® LED light Bulbs Amazon great Eagle LED A19 “ Lights Out: pride, delusion, and 'll... Lights and Sounds of Christmas Device! the audio book before them, Comstock and Immelt new. Management and the board as well of GE from when Jack left until Jeff got asked leave! 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