Lights Out: Pride, Delusion, and the Fall of General Electric
By Thomas Gryta

A WALL STREET JOURNAL BESTSELLER"If you're in any kind of leadership role-whether at a company, a non-profit, or somewhere else-there's a lot you can learn here."-Bill Gates,and Gates NotesHow could General Electric-perhaps America's most iconic corporation-sufferand such a swift and sudden fall from grace?This is the definitive history of General Electric's epic decline, as told by the twoand Wall Street Journaland reporters who covered its fall.Since its founding in 1892, GE has been more than just a corporation. For generations, it was job security, a solidly safe investment, and an elite business education for top managers.GEand electrified America,and powering everythingand from lightbulbsand toand turbines,and and became fully integrated into the American societal mindset as few companies ever had. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America's most valuable corporation. Yet, fewer than two decades later, the GE of old was gone.​Lights Outand 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. 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.and Lights Outand details how one of America's all-time great companies has been reduced to a cautionary tale for our times.