About the Author
THOMAS GRYTA writes about General Electric for the Wall Street Journal. Previously he covered the telecommunications industry for the Journal and was a Knight-Bagehot fellow at Columbia University. In prior work around the newsroom he covered the biotechnology industry and did general assignment reporting and copyediting. Gryta studied history at the University of Massachusetts, including a year in Germany. He lives in New Jersey with his wife and three children.
TED MANN is a reporter in the Wall Street Journal's Washington Bureau, where he is part of a team covering business and government. He was the beat reporter covering General Electric and other industrial conglomerates for the Journal's corporate bureau in New York from 2014 to 2017, and previously covered transportation for the Greater New York section, where he broke the George Washington Bridge scandal that ensnared former governor Chris Christie and his aides. He is a graduate of New York University.
Review
“A gripping and deeply reported account of the devastating disintegration of one of the most iconic firms ever to exist. To all of us shocked by GE’s seemingly abrupt fall from grace, this book lays out in painful detail how such a thing could have happened.”—Rita McGrath, Columbia Business School, author of Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen
“Gryta and Mann tell a bracing tale of corporate venality, incompetence, and shortsighted deal-making. It's a parable with no heroes, but many lessons for anyone who wants to know how 21st Century corporate management, which venerates stock price above all other measures of value, has gone so disastrously awry.” —Andrew Rice, New York Magazine
"Lights Out is the definitive story of an American business powerhouse losing its way. 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. More than just an intimate profile of one company, this book is a captivating tale of human complexity, greed, and hubris." —Evan Ratliff, author of The Mastermind: Drugs. Murder. Empire. Betrayal
"This vital history of an American institution warns us of what happens when a company pursues growth for growth’s sake, and its leaders struggle to understand what they can and cannot control." —David Gura, Anchor and Correspondent, MSNBC
"Possessing all the suspense of a true-crime account, Gryta and Mann’s riveting look at GE’s previous two decades underlines the harsh facts of survival in 21st-century business." —Publishers Weekly
"Gryta and Mann expand on their Wall Street Journal reporting to create a compelling narrative of a giant’s spectacular fall in this powerful and fascinating read." —Booklist
"This revealing and accessible postmortem of GE’s downward spiral will be important reading for a wide audience, including customers, employees, former employees, and investors, as well as anyone interested in 21st-century corporate management." —Library Journal
##传统工业巨头陨落。一个传奇的公司,从无所不在变成蝼蚁。从一个传奇CEO带领金融造假收入,变成二任Ceo继续造假而不专注自家业务,到最后千穿百孔。但这也是40年的累积。 看来这类大型公司很禁得起遭。
评分 评分##写的比较详细(拖沓)的一本书,在一开始做笔记,后来已经看累了……其实Jeff Welch鼎盛之时就埋下了衰败的种子,其兴也勃焉,其亡也忽焉。
评分##干货不多 基本上是对Immelt个人的批斗 几乎没有讨论Welch的历史责任 也没有深究庞大组织系统性失效的根源 另外GE Capital证明来钱最容易的还是无银行之名行银行之实(此处应有蚂蚁)
评分##传统工业巨头陨落。一个传奇的公司,从无所不在变成蝼蚁。从一个传奇CEO带领金融造假收入,变成二任Ceo继续造假而不专注自家业务,到最后千穿百孔。但这也是40年的累积。 看来这类大型公司很禁得起遭。
评分##我把自己写的关于ge的复盘发给林博,林博就给我推荐了这本新书。
评分 评分##对我这种不怎么关注GE的人来说,信息量还是很大,把GE的衰落写得比较具体,有些地方简直让我震惊(比如其任期内几乎一直有备用机跟着伊梅尔特飞行,这浪费且愚蠢)。书中也写了,韦尔奇时代就在用会计手段来做盈余管理,只是大趋势上公司一直在增长,伊梅尔特当然也用盈余管理(还有借贷支付股息和回购),但空间变小,更重要的是大趋势上不行了,他也没有韦尔奇那种投资组合管理的能力。另外,这又一次提醒我远离业务复杂的公司,单一业务复杂(如金融)和业务多元化且复杂的公司不要试图去分析,隐藏的坑太多了,而且你看会计报表都看不出来,直到问题已经无法掩盖,即使在韦尔奇时代GE就已经很复杂且看不懂了,不是说伊梅尔特时代远离,韦尔奇时代也要远离,不管媒体多么追捧它,它的股价涨多少倍,复杂就是复杂,搞不懂就是搞不懂。
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