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It was one of the world’s most valuable companies … But a series of bad business decisions and change in leadership led to General Electric’s steep decline. Thomas Gryta, author of Lights Out: Pride, Delusion, and the Fall of General Electric, joins host Charles Mizrahi to talk about the figures and controversies that ended GE’s reign as America’s most powerful corporation.

Topics Discussed:

• An Introduction to Thomas Gryta (00:00:00)
• Early Days of General Electric (00:03:56)              
• Celebrity CEO Jack Welch (00:6:40)
• Stepping into Finance (00:17:23)
• Successor Jeff Immelt (00:20:07)
• Pulling Back the Curtain on GE’s Magic (00:27:07)
• A New Age of Regulation (00:33:34)
• Last Ditch Efforts (00:40:37)
• Goodbye Jeff (00:47:35)
• John Flannery’s Approach (00:50:04)
• Lessons Learned (00:56:17)

Guest Bio:

Thomas Gryta is a Wall Street Journal reporter and author. He covers the latest on General Electric as well as various industrial conglomerates.

In addition, Gryta co-authored Lights Out (below), with Ted Mann. Their book follows one of America’s most iconic companies, General Electric, and its fall from grace. This gripping story serves as a cautionary tale of what can happen when businesses lose direction.

Resources Mentioned:

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

Transcript:

https://charlesmizrahi.com/podcast/

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