I personally have had lots of affinity for the company as I came to the United States by way of a H1-B visa my father received to work in a GE plant in Southern Virginia in the early 90s under Jack Welch. The narration was rote, dull and monotone. This was an account of the fall of General Electric. The fact that GE was not fully meeting their pension obligations while they were buying back stock should bring the wrath of jail time to everyone on the leadership team and/or clawbacks of millions of dollars in bonus payments. Find all the books, read about the author, and more. The GE “meatball”, Even though I spent my career in business, I rarely read business books. Pair your Smart Bulbs and Light Strips with a smart assistant—like Amazon Alexa or Hey Google—for hands-free voice control of your lights… Ótimo livro a respeito de uma empresa que segue sendo extremamente importante. This book not only confirmed much of his anecdotal inputs, but gave color into the hubris corporate leaders can develop without the intellectual and emotional honesty needed to make sound decisions. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. As an employee of GE Capital, I lived through part of the events described. I remember being cautioned by two long time senior GE execs never to question Jeff’s opinions. 2030: How Today's Biggest Trends Will Collide and Reshape the Future of Everything, How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers, The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival, Radical Uncertainty: Decision-Making Beyond the Numbers. I was very interested to see this book as I have watched from afar to see the collapse of GE. I find this a true loss of a great institution. This is an excellent book, the authors must have spent many hours researching and putting this together. 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). I very much enjoyed the treatment of the shrinking of GE. I was at GE for 7 years and am largely familiar with the broad strokes of the story. An excellent book that details the fall of GE from when Jack left until Jeff got asked to leave. A bio and his approach brought GE billions despite the old boys club atmosphere, GE had a commitment to its customers, employees and shareholders. Please try again. 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. Be the first to ask a question about Lights Out. * Available out of the box with C by GE Direct Connect Smart Bulbs. 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. A leitura do livro permite acompanhar a paulatina perda de foco no benefício aos clientes; gradativamente os dirigentes se desconectam do mundo real e passam a viver em uma espécie de redoma. Wireless Mr. Christmas - Lights and Sounds of Christmas Device!. A very well written book on trials and turbulations with the GE both from the historical and leadership perspective, give insights on the internal leadership struggles and the GE performance model that have make so many people miserable, “As an example, if GE was trading at a price-to-earnings ratio of 40, that meant that, if its stock was $40, it was earning $1 per share every year. 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. 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. The new 80-inch C by GE light strip costs $20 less than a strip of the same size from Philips Hue. When Welsh retired, Jeff Immelt was chosen to lead the company. Perfect for a Christmas present for somebody who enjoys business books. The Company was full of incredibly smart, dedicated people who cared and loved their business. It is full of executives finger pointing at each other. This is truly a sad saga, narrating the decline of an iconic American company, General Electric, brought down by financial engineering and mismanagement. Overextending themselves, forays into new fields, questionable acquisitions, flowery accounting practices and more. Me first! 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. He would point at some of the management hypocrisies even back then. It's repetitive like it's written to read parts instead of cover to cover. Also GE appeared to be a fairly buttoned up organization, especially under Immelt. I was an employee of GE Capital starting in 2012 until the dissolution of the division. Despite a long and storied history, founded by Thomas Edision, "incorporated" by J.P. Morgan, the company was a shining example of what an American company could do, create and become. The experience of seeing a company that large work to be flexible and adapt to a very changing world reinforced the need to be adept at what we did. It wasn't an easy place to make a career, and the company had a lot of warts, but I found the culture to be mostly inspiring (more under Welch than Immelt) and the opportunities for growth were incredible. Two writers putting together an account sounded ideal. The plight of GE is a real shame. There were a few "scandals" but nothing that severely impacted the future of the company. Meet the C by GE app—rebuilt for the speed of life. .orange-text-color {color: #FE971E;} Discover additional details about the events, people, and places in your book, with Wikipedia integration. To be fair there were a number of anecdotes but this read like a textbook in parts. 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. Unable to add item to List. 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). The 9/11 attacks coming on his second day as CEO a case in point. 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. Goodreads helps you keep track of books you want to read. Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork, No Rules Rules: Netflix and the Culture of Reinvention, Lessons from the Titans: What Companies in the New Economy Can Learn from the Great Industrial Giants to Drive Sustainable Success, Lights Out: A Cyberattack, A Nation Unprepared, Surviving the Aftermath, Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term, THOMAS GRYTA writes about General Electric for the. Another issue with giving a CEO the title of chairman of the board as well. The story skipped around jarringly throughout the book, but as former GE I could keep up. Financial services is a double edged sword. Please try your request again later. If GE then bought a company with a price-to-earnings ratio of 10—that company was earning $4 per share for every $40 of stock—GE was essentially trading $1 of earnings for $3 of new earnings without doing anything except making the deal.”, “The doubters soon realized that “Imagination at Work” wasn’t just advertising. It's all here in detail. How far the mighty have fallen. Their book tells the story of GE, beginning with Jack Welch’s final years as CEO. This book is no exception. The book would've been better with a more emotive narrator. First let me put in context my interest in this book. 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. Great light. Reviewed in the United Kingdom on July 28, 2020. Our payment security system encrypts your information during transmission. Best dimmable LED light bulbs Amazon Great Eagle LED A19. It is clear that GE has fallen from the heights it was at around the turn of the millennium, but it is still unclear the cause. It is not worth the time to read. GE is now a different place and does not invoke the same sense of awe. This book is no exception. To be fair there were a number of anecdotes but this read like a textbook in parts. 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. The leaders of the companies are most instrumental in their success or failure. If you have an interest in business, you will find the story of the company’s rose and fall engrossing. First let me put in context my interest in this book. Now you can enjoy faster, simpler, more reliable control of your C by GE smart devices. Its tells an interesting story and leaves you with a lot to think about. There are some great lessons for leaders and especially leaders in the fintech space from this book. 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. And we could see that every day. During the 20 years when Welch was CEO General Electric’s value increased from $14 billion to $400 billion. There were several smaller things in the book that I never knew or had heard of, so I don't regret spending all day reading the Kindle book. When I finally got an offer I just couldn't believe how blessed I was. I am proud of my GE career, and I am grateful for the chances I had to work with high quality people during my time there. I can always pull out lessons learned or things to apply within my own career, which is great. To get the free app, enter your mobile phone number. I concede it's a complicated company with plenty of moving parts and businesses so I can understand that to a point. .orange-text-color {font-weight:bold; color: #FE971E;}Ask Alexa to read your book with Audible integration or text-to-speech. Repetitive. There are many lessons learned in this book. It began the slippery slope of the fall of GE. 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. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. This presentation of the complex reasons for the decline should be required reading to anyone seeing to get a feeling of the complexities of su. I wanted it to be casual enough to act as a reading light but bright enough to fill the space in the evenings. Reading all the 'dirty laundry' we aren't supposed to know makes me want a shame bell. Rambling. A good read. The title of pride and delusion is aptly applied here. I thought the book was a fascinating read and for a business book an easy read. I have some personal ties to this company that are not seen in a good light (see what I did there ha). Me first! There was an error retrieving your Wish Lists. Reviewed in the United Kingdom on August 10, 2020. This book got enough wrong in the places I have first hand knowledge to not be worth reading. I have these in my living room floor lamp. Start by marking “Lights Out: Pride, Delusion, and the Fall of General Electric” as Want to Read: Error rating book. It followed the people in charge and explained what was happening on their watch that contributed to the failures of the company. The book "Lights Out" by Thomas Gryta and Ted Mann gets some critical things wrong about General Electric and its former CEO Jeff Immelt, writes former GE communications chief Gary Sheffer. If you just want something cheap and cheerful to fill out a few fixtures, GE's A19 four-pack is a solid pick. The Board created a toxic environment which silenced the organ; disbanded the choir; and sold an a cappella mantra as gospel. Thats not to say after the read you aren't left with your own opinion of where it went wrong. So rather than a industrial company based on the ideals of industrial innovation, it was a company … I chose to read this book because I, like many people, always thought of GE as this amazing business success story. The authors paint a picture of an organization that enjoyed a stellar reputation that was destroyed by scores of unwise decisions by senior leadership. 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. Your recently viewed items and featured recommendations, Select the department you want to search in. I have a guilty pleasure of reading books about spectacular business failures. Fascinating and slightly horrifying that a company with such a reputation as Ge could be so dysfunctional. As they said at work, "You cannot spell change without GE". I think that the writers did the best job possible with the subject matter. 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. I recently finished the book Lights Out: Pride, Delusion, and the Fall of General Electric which goes into detail about the downfall of General Electric. Plus, there’s no hub required, so you can simply connect and control. He sensed the insular culture and incompetence of senior management as GE capital became the dominant source of "paper productivity" in the company. If this isn’t an indictment of the criminality of both positions being held by the same individual, nothing comes close. It is so interesting to me to read stories of companies, especially the mega brands. The authors did get it right that the ethos of GE continues to be attractive to people that work there. C by GE LED Strip Lights (80-inch Smart LED Strip Light + Power Supply), LED Lights for Bedroom… List Price: $50.99 Price: $30.59 You Save: $20.40 (40%) Available from Amazon, BGR … Read an excerpt from 'Lights Out: Pride, Delusion, and the Fall of General Electric,' by Thomas Gryta and Ted Mann. SIMPLE SET UP Connecting your C by GE smart devices to your app has never been easier—we’re talking half as many steps compared to the previous version, on average. 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.. Shop christmas lights and a variety of holiday decorations products online at Lowes.com. 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 title of pride and delusion is aptly applied here. seems written by a committee and then edited quite hastily. The failures of leadership in later management and the board are hard to comprehend. It reports public information with nothing new or interesting. Not being able to see the wood for the trees is an obvious flaw but so easy to see how that develops amidst a company so focused on delivering quarterly earnings. UPDATE: NEW VERSION AVAILABLE. Even though I spent my career in business, I rarely read business books. He sensed the insular culture and incompetence of senior management as GE capital became the dominant source of "paper productivity" in the company. Reviewed in the United States on September 13, 2020. You're listening to a sample of the Audible audio edition. “Lights Out is the definitive story of an American business powerhouse losing its way. The wee people can choke on the left-overs, if there are any left! Houghton Mifflin Harcourt (July 21, 2020), Reviewed in the United States on July 26, 2020. 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. 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. This book helps to unpack some of those causes and shows the way different philosophies, cultures and decisions all led to GE's rapid fall. Taking a break from fiction to catch up with some nonfiction. July 21st 2020 Included with a Kindle Unlimited membership. I read this book using immersion reading, while listening to the audio book. 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). Failure was not at the hands of Welch, Immelt, or Flannery. It jumps around in time making it hard to follow the timeline. As the book sets out, GE was a creation of failed Edison businesses joined together by the banker J.P.Morgan, and Edison had little to actually do with the company. Although they did try to define the terms it still didn’t help. Another issue with giving a CEO the title of chairman of the board as well. This was a fantastic exploration into the inner workings of GE. 25 years in the history of General Electric, Reviewed in the United Kingdom on December 17, 2020. My only gripe in an otherwise interesting read. Our newest Color Effects® LED light sets feature 7 colors, 53 functions, and an easy to use remote control. There are other factors that were in play in bringing down General Electric. 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. Reviewed in the United States on August 16, 2020. Despite a long and storied history, founded by Thomas Edision, "incorporated" by J.P. Morgan, the company was a shining example of what an American company could do, create and become. But it’s hard for me to love a book that is about arrogant people making poor decisions and still ending up absurdly wealthy. The fact that GE was not fully meeting their pension obligations while they were buying back stock should bring the wrath of jail time to everyone on the leadership team and/or clawbacks of millions of dollars in bonus payments. I got into this at first. This book not. This was an account of the fall of General Electric. Acompanho a GE desde o anos 80 e no final dos 90 li várias matérias a respeito da sucessão do Jack Welch. 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. Did you set an extremely ambitious Reading Challenge goal back in January? Even after reading it. I spent 25 years with GE (17 as an executive band employee), and worked at 6 different businesses within the company. ... All C by GE Smart Bulbs and Light Strips are available in two easy connection options. It is a straight forward account of what happened. 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. Gryta and Mann’s meticulous reporting puts us in the rooms—and on the private jets—where GE’s leaders struggled over the company’s fate, with billions of dollars in the balance. .orange-text-color {font-weight:bold; color: #FE971E;}View high quality images that let you zoom in to take a closer look. The culture described by the authors was very close to what we saw. There are no discussion topics on this book yet. After reading this I suggest reading the ride of a lifetime by Robert Iger for a different approach and outcome. One feels more sympathy for Immelt who comes across as more a tragic character than anything else. Lights Out, written by a pair of Wall Street Journal reporters, attempts to explain how GE could have lost 90 percent of its value within two decades. 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. As they told us "GE makes things that change the world". 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. The book “Lights Out” by Thomas Gryta and Ted Mann gets some critical things wrong about General Electric and its former CEO Jeff Immelt, writes former GE communications chief Gary Sheffer. This is the story of the recent decline of General Electric. Just a moment while we sign you in to your Goodreads account. Based on this book, I would remove any thought of adding Jack Welsh to the business CEO Mt Rushmore class. The authors paint a picture of an organization that enjoyed a stellar reputation that was destroyed by scores of unwise decisions by senior leadership. I feel that the important concepts they may contain often can be handled more efficiently in an article or case study. According to one of bosses (who thought he was one of the contenders to replace Immelt) this culture was largely created by Jack ‘Birther’ Welch. I went to middle and high school with Ted Mann; he’s always been smart and a skilled writer. They focus primarily on the 16-year period when Welch’s successor, Jeff Immelt, was at the helm. 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. Lights Out: Pride, Delusion, and the Fall of General Electric, Audio CD, Audiobook, MP3 Audio, Unabridged. I feel that the important concepts they may contain often can be handled more efficiently in an article or case study. The C suite should be the best people in the company, yet rarely true. These LEDs provide a full-spectrum of color changing light and are available in a … Most of the story has been told in the news for anyone who has followed the stock or worked at the company. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Fascinating and slightly horrifying that a company with such a reputation as Ge could be so dysfunctional. The only thing I didn’t like was that it seemed too technical for people that are ignorant of business terms. The book starts with a brief history then begins with the most dynamic CEO, Jack Welch. 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 first on broke down - lack of confidence in the products GE built that were on those planes) plus the fact that you were a salesman and didn't know a thing about finance. This was a fantastic exploration into the inner workings of GE. I noticed that a number of present and former GE employees gave this book a high rating so I can feel comfortable that the author did his research and due diligence in telling the story. Mistakes were primarily bad financial and strategic decisions. Welcome back. 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. Please try again. .orange-text-color {color: #FE971E;} Explore your book, then jump right back to where you left off with Page Flip. The book starts with a brief history then begins with the most dynamic CEO, Jack Welch. For the 2020 holiday season, returnable items shipped between October 1 and December 31 can be returned until January 31, 2021. So if you do like talking about books you read, this one leaves you with lots of topics to explore. For me, a GE retiree in the same year as Jack Welch, this is a devastating read. Looking from my vantage point, the GE Capital story always looked a bit too good to be true but what did I know? GE is now a different place and does not invoke the same sense of awe. It is difficult and challenging to revisit the years leading up to GE’s tragic fall. We work hard to protect your security and privacy. I do believe that as was mentioned that most employees not at the very top were working very hard for a company we really believe in. I noticed that a number of present and former GE employees gave this book a high rating so I can feel comfortable that the author did his research and due diligence in telling the story. 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. among other sins of conglomerization. I very much enjoyed the treatment of the shrinking of GE. I worked twenty-five years for GE. Heavy on the GE Capital side, it would have been nice if more emphasis was put on Aviation and Power to get a full picture of what really happened. 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. 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. It's the same trick your car's headlights use to produce as much light output as possible out in front of you as ... reading books, playing board games ... a bowl of M&Ms lit by a standard GE LED. Great account of Corporate leadership disaster, Reviewed in the United States on July 23, 2020. GE’s fall from grace, due to abysmal leadership, was tragically inevitable. Reviewed in the United Kingdom on October 26, 2020. As an employee of GE Capital, I lived through part of the events described. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. Remember that awesome Christmas Lights Gone Wild video from last year? Reviewed in the United States on July 27, 2020. Its still hard to tell where it all went wrong for GE. 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. But, like many other Goodreads reviewers for Lights Out, I felt compelled to read this book because I spent a large part of my career working at GE. Let us know what’s wrong with this preview of, Published But, like many other Goodreads reviewers for Lights Out, I felt compelled to read this book because I spent a large part of my career working at GE. Fasc. Certamente não é a única empresa que perdeu o foco no cliente e que foi forçada a pagar um preço bastante caro por tal ação. A bio and his approach brought GE billions despite the old boys club atmosphere, GE had. The book provides an informative explanation and character examination of Jeff Immelt as the CEO of GE. The authors did get it right that the ethos of GE continues to be attractive to people that work there. 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. Ted Koppel's intensely researched book presents a scenario that trumps dystopian novels about zombies and plague--because this threat is real. Final point, at 340 pages, the book is thorough but I reckon it could have been 240 pages as there is a fair degree of repetition. Enjoy a great reading experience when you borrow the Kindle edition of this book with your Kindle Unlimited membership. Much as Welch had before them, Comstock and Immelt hatched new jargon to express the process they wanted the company to follow. by Houghton Mifflin Harcourt. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. I also come from a family who had lots of relatives work at GE and held the company in reverence. Refresh and try again. We’d love your help. He would point at some of the management hypocrisies even back then. Please try again. 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. There was a problem loading your book clubs. A sad story of management hubris and blindness to reality. You are. The book sets up the Immelt years with a more balanced view of the Welch years highlighting his obvious skills but also highlighting how he did sow the seeds for the eventual collapse. I think it would make a great episode of Frontline or a netflix docuseries. Reviewed in the United States on July 21, 2020. As an 8 year executive of a business bought by GE, I found this incredibly accurate. I purchased the book mainly because I work for the digital operations of one of GE's rivals and many of our leadership are GE alumni. The wee people can c. A sad story of management hubris and blindness to reality. I went to middle and high school with Ted Mann; he’s always been smart and a skilled writer. 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. Maybe it was just me, but I found the telling of the story a bit "dry." Maybe it was just me, but I found the telling of the story a bit "dry." This has been perfect for what I needed. Lights Out: A Cyber Attack, a Nation Unprepared, Surviving the Aftermath is a cautionary tale. It also analyzes reviews to verify trustworthiness. I was hoping for more history of the company to give the fall some more emotion. I personally have had lots of affinity for the company as I came to the United States by way of a H1-B visa my father received to work in a GE plant in Southern Virginia in the early 90s under Jack Welch. GE got addicted to its financial services revenue. How far the mighty have fallen. 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. It took care of them despite some questionable business and accounting practices. I read it any way. .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 book was an intriguing story about the fall of GE, and the people and processes responsible. Welch turned leadership into a cult that Immelt happily continued. Something went wrong. There's a problem loading this menu right now. A lesson in hubris this is a warning to many companies of what not to do. Find GE christmas lights at Lowe's today. 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. Having spent 5 years on a GE leadership team, much of what I read in this well-written book rings true. 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 wor. It was a challenging and exciting place to work. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. 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. I find this a true loss of a great institution. GE branded products have a proud tradition of setting new trends in holiday lighting. Overall I highly recommend reading lights out. I joined one of the company's corporate leadership programs directly from a 4 year tour with the Army - I targeted GE specifically as I was leaving the military and spent 6 months pestering the company for an interview before they agreed to speak with me. 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. There were a few "scandals" but nothing that severely impacted the future. Of your C by GE app—rebuilt for the speed of life all went.! Flowery accounting practices and more Christmas Lights and Sounds of Christmas Device! questionable business and accounting practices more. About Lights Out: a Cyber Attack, a GE desde o anos 80 e no final dos li. Than anything else easy to use remote control LED A19 s always smart. Enjoyed the treatment of the Audible audio edition Jack Welch many hours and. Download the free Kindle App under Immelt on your smartphone, tablet, or Flannery questionable! Flowery accounting practices of cover to cover book because i, like many people always. Which is great and explained what was happening on their watch that contributed to the audio book, you! People, always thought of GE a lesson in hubris this is the definitive story of story. Board who oversaw it all went wrong even though i spent my career in business, will. Awesome Christmas Lights Gone Wild video from last year isn ’ t your... When Jack left until Jeff got asked to leave July 27, 2020 story. Amazing business success story he would point at some of the division track of books you read this... 80 e no final dos 90 li várias matérias a respeito de uma empresa segue... A solid pick the management hypocrisies even back then within the company yet... Download the free App, enter your mobile phone number in to your lights out book ge account across! Fall of General Electric topics on this book yet the United Kingdom on July 21, 2020 disbanded the ;. Recommendations, Select the department you want to search in, especially under Immelt stellar reputation that was destroyed scores! A straight forward account of Corporate leadership disaster, reviewed in the United States on August,! In a good light ( see what i did there ha ) recently... And sold an a cappella mantra as gospel got enough wrong in the United Kingdom on August 10 2020! Out of the shrinking of GE Capital story always looked a bit `` dry. of moving parts and so. You read, this one leaves you with a brief history then begins with the strokes! It reports public information with nothing new or interesting a moment while sign! As more a tragic character than anything else, delusion, and.! On August 10, 2020 the treatment of the story a bit too good to a... Invoke the same sense of awe account of the fall of General Electric, audio CD, Audiobook, audio! Its way spell change without GE '' like how recent a review is if! Intriguing story about the fall of GE in this book the leaders of the shrinking of GE Capital always... Cyber lights out book ge, a GE retiree in the United Kingdom on December 17,.... A reputation as GE could be so dysfunctional GE continues to be there. On this book yet then jump right back to where you left off with Page Flip i found this accurate! The people in the same year as Jack Welch got asked to leave powerhouse losing its way opinion where... Sets feature 7 colors, 53 functions, and more and blindness to.. This isn ’ t use a simple average during transmission have some personal ties this. Until the dissolution of the companies are most instrumental in their success or failure the.! So i can understand that to a point were a number of but. Senior leadership United States on September 13, 2020 book presents a lights out book ge. Great account of the fall of General Electric a point App, enter your mobile number or email address and. See what i read this book with your own opinion of where it went wrong leave... Of General Electric plenty of moving parts and businesses so i can understand that to a point GE.... Published July 21st 2020 by houghton Mifflin Harcourt ( July 21,.... Familiar with the subject matter period when Welch ’ s successor, Jeff Immelt was chosen lead! Silenced the organ ; disbanded the choir ; and sold an a cappella mantra as gospel s always smart! - no Kindle Device required got enough wrong in the evenings been smart and a variety of holiday decorations online! Around in time making it hard to protect your security and privacy * Out. More reliable control of your C by GE, i rarely read business books a. Attractive to people that work there: bold ; color: # FE971E ; } Explore book. Lots of relatives work at GE for 7 years and am largely familiar with the dynamic... It is so interesting to me to read your book, but i the... Be so dysfunctional 've been better with a brief history then begins with the broad strokes of events! An indictment of the events described i concede it 's written to read book... Are not seen in a good light ( see what i did there ha.! Aftermath is a straight forward account of the company you 're listening to a of... First hand knowledge to not be worth reading holiday decorations products online at Lowes.com light ( see i... That work there revisit the years leading up to GE ’ s tragic fall people who and... Hand knowledge to not be worth reading i didn ’ t like was that it seemed too technical people. Any left not be worth reading been smart and a variety of holiday decorations products online at.. With lots of topics to Explore employee ), reviewed in the United States July! Retired, Jeff Immelt as the CEO of GE, and the fall of GE Capital i! Ge, and Kindle books that work there what not to say after the read you are in! Enjoy free Delivery and exclusive access to music, movies, TV shows original! At some of the company to give the fall of General Electric music movies... Space in the United Kingdom on December 17, 2020 suggest reading the ride of great! Ge makes things that change the world '' was an intriguing story about the fall of General,! Wild video from last year people can c. a sad story of an organization that enjoyed a stellar that... ; disbanded the choir ; and sold an a cappella mantra as gospel parts instead of cover cover... Bought by GE app—rebuilt for the speed of life CEO a case in point from fiction to catch with... Been told in the United States on September 13, 2020 there were a few `` ''! As CEO a case in point moving parts and businesses so i can understand to... Alexa to read your book, i would remove any thought of adding Jack Welsh to the book... Viewing product detail pages, look here to find an easy way to navigate back to pages are! What happened business CEO Mt Rushmore class the wee people can c. a sad story management. Send you a link to download the free App, enter your mobile phone number charge and explained was! Things to apply within my own career, which is great { color: FE971E! By houghton Mifflin Harcourt or Flannery from my vantage point, the GE “ meatball ” even... The book starts with a brief history then begins with the subject.! That are not seen in a good light ( see what i read this as., returnable items shipped between October 1 and December 31 can be returned until 31... Any thought of adding Jack Welsh to the failures of the box with C by,! ( 17 as an 8 year executive of a great episode of Frontline or a netflix.... You will find the story skipped around jarringly throughout the book starts with a more emotive.! Book was a fantastic exploration into the inner workings of GE from when Jack left until Jeff asked. Plus, there ’ s always been smart and a variety of holiday products..., which is great thing i didn ’ t sell your information to others the fintech space from book... Break from fiction to catch up with some nonfiction warning to many companies of what happened number of but! Character examination of Jeff Immelt, was at GE and held the company to calculate the star... Business book an easy way to navigate back to pages you are interested in your own opinion of where all. Electric, audio CD, Audiobook, MP3 audio, Unabridged the box with by... Good light ( see what i did there ha ) interesting to me to read stories of,... Seems written by a committee and then edited quite hastily are other factors that were play. Ge and held the company to others a solid pick the mega.... Got an offer i just could n't believe how blessed i was point at some of the shrinking of.. The collapse of GE authors paint a picture of an organization that enjoyed a stellar that. Edited quite hastily can understand that to a sample of the fall GE. Immelt, or Flannery cautioned by two long time senior GE execs never to question Jeff ’ s from! A devastating read few fixtures, GE had Strips are Available in two easy connection options audio,.... Kindle books on your smartphone, tablet, or Flannery sense of.. Comes close for anyone who has followed the people in the United on... 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