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    Power Failure by William D. Cohan Summary

    Power Failure
    William D. Cohan
    4.27 (1447 Reviews)
    BusinessHistoryFinance
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    Overview of Power Failure

    "Power Failure" chronicles General Electric's stunning rise and collapse from American icon to cautionary tale. Featured in The New York Times Bestseller list, this riveting corporate saga reveals how Thomas Edison's legacy crumbled under financial engineering - a boardroom thriller that shocked Wall Street insiders.

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    Ключевые выводы

    1

    The Rise and Fall of an American Titan

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    General Electric once stood as the crown jewel of American capitalism-the world's most valuable company, worth nearly $600 billion when Jack Welch handed leadership to Jeff Immelt in 2001. Within two decades, this corporate colossus would collapse, losing over 80% of its value and erasing hundreds of billions in shareholder wealth. How could such a mighty enterprise-the company that literally brought electricity to America and pioneered everything from lightbulbs to jet engines-fall so spectacularly? This story of meteoric rise and devastating decline offers a cautionary tale about leadership that transcends business circles. As Warren Buffett observed, GE's downfall represents "a classic example of the difficulty of evaluating what looks easy." Behind the gleaming corporate headquarters and impressive quarterly reports lurked fundamental flaws that would eventually bring this American icon to its knees.

    2

    From Edison's Light to Corporate Might

    3

    The Welch Revolution

    4

    The Immelt Era: Inheriting a House of Cards

    5

    The Final Unraveling

    6

    The Autopsy of an American Icon

    7

    The Legacy Beyond the Ashes