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
##‘Reality isn’t a tackle sled. Story isn’t a strategy. Sometimes imagination alone doesn’t work. ’写得一般,确实看得非常辛苦。大不一定强,缝隙处的秘密可能突然bite on you; 持续稳定deliver的财务表现不一定是conglomerate的抗风险和稳定性,也可能是隐藏的不受监管的财务游戏。
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)
评分开头还行,中间有点啰嗦,倒来倒去讲Jeff如何烂,但例举出来的也算不上多大点事。 其实更想看的是Jack,他20年传奇才是隐藏着衰落之根,当然Jeff厉害点的话,大概也不至于落到如此地步,Jack神话也不会破灭。 John一年多就是把问题都抖出来了,问题是作为top leader,太过negative, transparency也是不行的。 Culp很兴奋的不教书了,只是他能力挽狂澜吗?只有天知道。
评分##正读到中间有点儿无聊的部分,开头不错。看到subprime mortgage的瞬间我就笑了……what a lesson;读完了,后面有点儿草草结尾,Alstom收了之后怎么又write off 20bn loss了?也没解释清楚,还替GE委屈上了,Alstom并不开心好吧。我看GE这条船没救了,不是因为Jeff,而是因为美国经济无可避免的回不去了
评分##再看看GE分拆的现状,唏嘘不已。巨人之死,总有太多的积微成疾--膏肓之疾…
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##‘Reality isn’t a tackle sled. Story isn’t a strategy. Sometimes imagination alone doesn’t work. ’写得一般,确实看得非常辛苦。大不一定强,缝隙处的秘密可能突然bite on you; 持续稳定deliver的财务表现不一定是conglomerate的抗风险和稳定性,也可能是隐藏的不受监管的财务游戏。
评分开头还行,中间有点啰嗦,倒来倒去讲Jeff如何烂,但例举出来的也算不上多大点事。 其实更想看的是Jack,他20年传奇才是隐藏着衰落之根,当然Jeff厉害点的话,大概也不至于落到如此地步,Jack神话也不会破灭。 John一年多就是把问题都抖出来了,问题是作为top leader,太过negative, transparency也是不行的。 Culp很兴奋的不教书了,只是他能力挽狂澜吗?只有天知道。
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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