Power Failure: The Rise and Fall of General Electric
Rs. 6,790.00
William D. Cohan
- The New Yorker Best Books of 2022
- Long Listed for the Financial Times and McKinsey Business Book of the Year Award
- Financial Times Best Books of 2022
- The Economist Best Books of 2022
This hubris-to-nemesis story… must count as one of the greatest dramas in business history… William D Cohan captures that drama exceptionally well… a gripping read…. a tour de force — John Plender ― Financial Times
General Electric was once the most important, powerful and influential company on earth – and this is the definitive story of how it got that way, and what happened next. William Cohan takes us inside the company’s boardrooms and factories with a rollicking and fascinating tale of corporate brilliance, bitter infighting, business daring and monied folly that illuminates not just General Electric, but the world and economy it helped create — Charles Duhigg
The rise and fall of GE is explained as the product of individual men and their mercurial decisions, yet its fate has a wider significance. It ought to be a warning: cost-cutting, outsourcing and financial speculation produce a warped model of value that is liable to collapse — Hettie O’Brien ― Guardian
A magisterial history of the astounding rise – and unimaginable fall – of America’s most iconic corporation
Perhaps no company reflects American ingenuity, innovation, and industrial fortunes as well as the iconic General Electric Company. Producing storied leaders and almost every product imaginable, GE built a cult of success that hid cracks in its foundation. In this masterful history, William D. Cohan, one of America’s most pre-eminent financial journalists, argues that GE’s legacy is both a paragon and a cautionary tale through which to understand twentieth-century America.
Power Failure limns the eventful 130-year history of GE, bringing fresh analysis drawn from rare interviews with key figures of the company’s golden era, including Jack Welch himself. As Cohan recounts, Welch traded on a sterling legacy to make GE the most valuable and respected company in the world, while cloaking its vulnerabilities. What he handed to his successor Jeffrey Immelt was, Cohan argues, both an impossible standard and a more troubled reality.
Tracing the company’s leaps and stumbles through the personalities that defined it, Power Failure offers a surprising retelling of the GE story, puncturing the myth we think we know for a fresh look at its legacy – and what it tells us about the state of the financial world.
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About the Author
Book Specifications
Binding: Hardcover
Pages: 816
Published Year: 2022
Publisher: Allen Lane
ISBN: 9780241408780
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