The book starts with a brief history then begins with the most dynamic CEO, Jack Welch. I thought the book was a fascinating read and for a business book an easy read. Just a moment while we sign you in to your Goodreads account. Reviewed in the United Kingdom on August 10, 2020. As an 8 year executive of a business bought by GE, I found this incredibly accurate. A good read. If this isn’t an indictment of the criminality of both positions being held by the same individual, nothing comes close. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. 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. The book provides an informative explanation and character examination of Jeff Immelt as the CEO of GE. 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. 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. Shop christmas lights and a variety of holiday decorations products online at Lowes.com. The title of pride and delusion is aptly applied here. Please try again. As they told us "GE makes things that change the world". 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. I remember being cautioned by two long time senior GE execs never to question Jeff’s opinions. Wireless Mr. Christmas - Lights and Sounds of Christmas Device!. 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. You are. It's repetitive like it's written to read parts instead of cover to cover. There was a problem loading your book clubs. 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. Also GE appeared to be a fairly buttoned up organization, especially under Immelt. Reviewed in the United States on July 21, 2020. Lights Out: A Cyber Attack, a Nation Unprepared, Surviving the Aftermath is a cautionary tale. I went to middle and high school with Ted Mann; he’s always been smart and a skilled writer. Plus, there’s no hub required, so you can simply connect and control. Most of the story has been told in the news for anyone who has followed the stock or worked at the company. 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. .orange-text-color {color: #FE971E;} Explore your book, then jump right back to where you left off with Page Flip. Reviewed in the United States on July 27, 2020. The book starts with a brief history then begins with the most dynamic CEO, Jack Welch. Rambling. First let me put in context my interest in this book. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. He would point at some of the management hypocrisies even back then. There's a problem loading this menu right now. 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. GE is now a different place and does not invoke the same sense of awe. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. First let me put in context my interest in 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. He would point at some of the management hypocrisies even back then. 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 feel that the important concepts they may contain often can be handled more efficiently in an article or case study. 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). 25 years in the history of General Electric, Reviewed in the United Kingdom on December 17, 2020. The plight of GE is a real shame. Great light. These LEDs provide a full-spectrum of color changing light and are available in a … 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. Our payment security system encrypts your information during transmission. Find GE christmas lights at Lowe's today. 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. I have a guilty pleasure of reading books about spectacular business failures. 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. 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