Lights Out
Pride, Delusion, and the Fall of General Electric
Summary:
The book chronicles the rise and decline of the American conglomerate General Electric (GE), detailing the company's management missteps, financial challenges, and strategic errors. It provides an in-depth look at how GE's corporate culture and leadership decisions, particularly under CEOs Jack Welch and Jeff Immelt, led to its dramatic fall from grace.
Key points:
1. Poor Leadership: The book blames GE's downfall on corporate mismanagement, including strategic errors by leaders like Jack Welch and Jeff Immelt.
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