The authors did get it right that the ethos of GE continues to be attractive to people that work there. A bio and his approach brought GE billions despite the old boys club atmosphere, GE had a commitment to its customers, employees and shareholders. I think it would make a great episode of Frontline or a netflix docuseries. 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. Read an excerpt from 'Lights Out: Pride, Delusion, and the Fall of General Electric,' by Thomas Gryta and Ted Mann. I was hoping for more history of the company to give the fall some more emotion. I went to middle and high school with Ted Mann; hes always been smart and a skilled writer. The culture described by the authors was very close to what we saw. 25 years in the history of General Electric, Reviewed in the United Kingdom on December 17, 2020. This has been perfect for what I needed. The only thing I didnt like was that it seemed too technical for people that are ignorant of business terms. Pair your Smart Bulbs and Light Strips with a smart assistantlike Amazon Alexa or Hey Googlefor hands-free voice control of your lights 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. 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. Let us know whats wrong with this preview of, Published Find all the books, read about the author, and more. First let me put in context my interest in this book. 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 find this a true loss of a great institution. Fasc. by Houghton Mifflin Harcourt. There were a few "scandals" but nothing that severely impacted the future of the company. Did you set an extremely ambitious Reading Challenge goal back in January? When Welsh retired, Jeff Immelt was chosen to lead the company. This book got enough wrong in the places I have first hand knowledge to not be worth reading. 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. Reviewed in the United States on July 21, 2020. Something went wrong. Lights Out: A Cyber Attack, a Nation Unprepared, Surviving the Aftermath is a cautionary tale. 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. The leaders of the companies are most instrumental in their success or failure. It is difficult and challenging to revisit the years leading up to GEs tragic fall. * Available out of the box with C by GE Direct Connect Smart Bulbs. Much as Welch had before them, Comstock and Immelt hatched new jargon to express the process they wanted the company to follow. It is so interesting to me to read stories of companies, especially the mega brands. 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. Fascinating and slightly horrifying that a company with such a reputation as Ge could be so dysfunctional. Reading all the 'dirty laundry' we aren't supposed to know makes me want a shame bell. But its hard for me to love a book that is about arrogant people making poor decisions and still ending up absurdly wealthy. The title of pride and delusion is aptly applied here. The book starts with a brief history then begins with the most dynamic CEO, Jack Welch. 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. 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. Reviewed in the United States on July 27, 2020. Start by marking Lights Out: Pride, Delusion, and the Fall of General Electric as Want to Read: Error rating book. Welch turned leadership into a cult that Immelt happily continued. This was a fantastic exploration into the inner workings of GE. The new 80-inch C by GE light strip costs $20 less than a strip of the same size from Philips Hue. .orange-text-color {color: #FE971E;} Discover additional details about the events, people, and places in your book, with Wikipedia integration. Lights Out's authors paint a damning portrait of Immelts 16 years at the helm of GE, where a rubber-stamp board of directors allowed him to hemorrhage money almost unchecked. How far the mighty have fallen. Lights Out: Pride, Delusion, and the Fall of General Electric, Audio CD, Audiobook, MP3 Audio, Unabridged. 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.

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