podcast
details
.com
Print
Share
Look for any podcast host, guest or anyone
Search
Showing episodes and shows of
Thomas Gryta
Shows
TZB阅览
E06. 通用电气的没落:当自负掩盖了真相 Lights Out
当一家曾被视为美国工业象征的巨头,可以从标杆地位滑落到被剔出道琼斯指数;当一个以“连年盈利”和“稳健增长”自豪的公司,因为财务操作、治理松懈与战略失误,被认为“比安然更严重”的骗局阴影笼罩 — 这正是《Lights Out》所讲述的故事。这本书由两位华尔街日报记者 Thomas Gryta 与 Ted Mann 撰写,主张通用电气(GE)的衰败并非偶然,而是自我膨胀(pride)、决策错觉(delusion)、治理结构与文化缺陷长期累积的结果。书名中的 pride 与 delusion 点明了两股力量:一是在威尔奇(Jack Welch)时代形成的“万能管理术”与对季度目标的痴迷,二是伊梅尔特(Jeff Immelt)时期延续的扩张与“成功剧场”(success theater)文化。两者叠加,使 GE 在财务与叙事上看似强盛,实则把风险深埋于 GE Capital、高杠杆并购与被美化的指标里。内容要点 1. 历史脉络与领袖交替:从 Jack Welch 的鼎盛时期开始,到 Jeff Immelt 接手后的种种变化,最后到外部 CEO Larry Culp 在 2018 年上任。 GE 的业务从电气、发电机、电视娱乐、金融服务等跨足多个领域。 2. 业绩压力与财务掩饰:公司被内部文化驱动,要“永远做出华尔街期望的数字”。为了此目标,GE 经常利用复杂的会计处理方式 — 比如把资产卖给银行以提升当季利润,并暗地里留有回购机制;或者在某些业务中用现金流与资本运作填补真实营运中暴露的漏洞。 3. 治理结构与文化问题:CEO 与董事会角色混合、缺乏有效制衡;决策过程中少质疑与透明;文化中存在恐惧与沉默,对错误与警告被压制。员工、董事甚至分析师常被管理层的“叙事”所迷惑。 4. 战略误判与多元化风险:GE 在尝试数字化、能源收购(如 Alstom 并购案)等方向投入巨大,却往往低估行业周期性、低估基础业务的复杂性与风险。 GE Capital 金融部门虽带来高利润,也带来巨大的隐患。为什么重要 • GE 是典型的“伟大公司的内在危险”:它曾被视为管理学教科书、绩效模范。它的失败提醒人们:即使顶尖公司,也会被文化、治理与认知偏差绊倒。 • 投资者与市场分析既看重表象“数字”,也容易被管理层的自信与故事吸引。这本书揭示了数字背后的可能“游戏规则”与操控方式。透明度与问责的重要性被放大。 • 对管理者与董事会来说,这是一个危险信号集:当“必须永远做出预期数字”、当失败被掩盖、当CEO兼任董事会主席且董事多数沈默,这些都是系统性风险的前兆。管理者可带走的 5 条教训 1. 现金为王,指标要朴素:盯住现金流与真实盈利质量,警惕被“调整后指标”麻醉。 2. 复杂度是隐形成本:跨行业拼图越大,对组织与系统的要求越高;没有匹配的人才与流程,再好的愿景也只是故事。 3. 反“成功剧场”文化:鼓励坏消息上行,避免用叙事包装替代问题解决。 4. 并购要逆向、要算清周期位置:顺周期高位并购最考验融资与整合能力,失败概率陡升。 5. “金融化收益”不可长期当饭吃:把金融杠杆当成稳定利润来源,最终会在宏观应力测试中暴露。GE 的衰退不是一夜之间,而是多年选择与文化的累积性后果。它是一个警示:当“骄傲”成为盲点,“操控数字”和“幻觉”成为常态,再良好的声誉也难保崩溃。企业、董事会、投资者若只看光鲜亮丽的数字与故事而忽视深层结构与真实运营,就可能在无声处,滑向深渊。书的最后,Larry Culp 的上任被视为一次重生的可能,本外部视角与治理改革的象征。但读者心中明白,真正的复苏不仅仅在于换一个 CEO,更在于文化、治理、业务与战略的整体修复。对照阅读书出版后,GE 在 2021 年宣布拆分为三家公司,至 2024 年基本完成:GE Aerospace、GE Vernova(能源)与 GE HealthCare。拆分让资产与叙事各归其类,也帮助市场重新定价这家百年企业。想把“近因复盘”与“长时段脉络”拼在一起,建议把《Lights Out》与 William D. Cohan 的长篇 《Power Failure》 对读:前者锐利地聚焦威尔奇/伊梅尔特时代的决策与文化,后者补上 130 年企业史的纵深。适合谁读企业高管、投资人、MBA 学生与任何正在做“转型叙事”的团队。它既是一次关于“管理魔法”失效的实证,也是在提醒:当一家伟大公司开始沉迷于讲故事胜过做生意时,坠落的剧本往往已经写好。比尔·盖茨把它列为 2021 夏季推荐读物之一,也从中总结了人才与系统错配的教训。
2025-09-15
05 min
Investing by the Books
#68 Phil Rosenzweig: The Halo Effect
Phil Rosenzweig has been a professor at IMD Business School in Lausanne, Switzerland, for about 30 years. We discuss Phil’s legendary book “The Halo Effect”, which debunks much of the classic management literature and explains how we tend to think that when a company performs well, the CEO is fantastic, the company has operational excellence, and the employees love to work there. We set a halo on the good performers.For more info about the podcast, go to the episode page and make sure to follow us on X/Twitter. We love to hear your thoughts on what y...
2025-03-04
1h 11
Chaptered Minds
Lights Out: Pride, Delusion, and the Fall of General Electric by Thomas Gryta and Ted Mann
Lights Out: Pride, Delusion, and the Fall of General Electric by Thomas Gryta and Ted Mann provides an in-depth analysis of General Electric's (GE) decline from its status as an industrial powerhouse to its struggles in recent years. The authors, both seasoned journalists, explore the internal culture, leadership decisions, and strategic missteps that led to GE's dramatic downturn. The book delves into the leadership styles of key CEOs, notably Jack Welch and his successor, Jeff Immelt. It examines how Welch's aggressive cost-cutting and profit-driven strategies, while initially successful, may have sown the seeds for future challenges. Under...
2024-11-17
28 min
O Investidor Inteligente
T6#20. Manobras Contabilísticas: Quando os Números Mentem
Neste episódio, Paulo Leite e Tiago Barros mergulham no universo das manobras contabilísticas que marcaram alguns dos maiores escândalos financeiros da história. Por vezes, a contabilidade torna-se mais uma ilusão do que um reflexo fiel da saúde financeira das empresas. Casos emblemáticos como Enron, Lehman Brothers e Worldcom são exemplos de como práticas desonestas podem mascarar a realidade e levar a consequências devastadoras para acionistas, trabalhadores e até para a economia global. Desde pequenas manipulações para maquilhar resultados até fraudes descaradas, reconhecer os sinais destas práticas é crucial para evitar arma...
2024-10-30
38 min
Pyro & Pivo
Episode #328 - Europa League 24/25, del 1 (med Mina Finstad Berg og Paul Thomas Clay)
Europa League har kanskje blitt ødelagt av UEFA, men vi gir det en sjanse likevel! Gruppespillet er erstattet av et tilfeldig seriespill, og lagene har blitt flere, men gryta er uansett full av både kjente og obskure klubber.I del 1 går vi gjennom klubbene fra A til L sammen med Mina Finstad Berg og Paul Thomas Clay. Se opp for uvanlige lydeffekter, flyktninger og tre tyrkiske klubber!See omnystudio.com/listener for privacy information.
2024-09-18
2h 03
laerdyaravalen
Kindle edition Lights Out Pride Delusion and the Fall of General Electric [[FREE] [READ] [DOWNLOAD]]
**Download Lights Out: Pride, Delusion, and the Fall of General Electric Full Edition,Full Version,Full Book** by Thomas Gryta Reading Now at : https://happyreadingebook.club/?book=035856705X OR DOWNLOAD EBOOK NOW! [PDF] Download Kindle edition Lights Out: Pride, Delusion, and the Fall of General Electric [[FREE] [READ] [DOWNLOAD]] Ebook | READ ONLINE Download Kindle edition Lights Out: Pride, Delusion, and the Fall of General Electric [[FREE] [READ] [DOWNLOAD]] read ebook online PDF EPUB KINDLE Download Kindle edition Lights Out: Pride, Delusion, and the...
2023-09-10
00 min
What the Health? From KFF Health News
The Long Road to Reining in Short-Term Plans
President Joe Biden made good on a campaign promise this week with a proposal to limit short-term health plans that boast low premiums but few benefits.Meanwhile, the Supreme Court’s decision to outlaw affirmative action programs could set back efforts to diversify the nation’s medical workforce.Alice Miranda Ollstein of Politico, Amy Goldstein of The Washington Post, and Rachel Cohrs of Stat join KFF Health News’ chief Washington correspondent, Julie Rovner, to discuss these issues and more.Also this week, Rovner interviews KFF Health News’ Bram Sable-Smith, who reported the la...
2023-07-13
33 min
科技報橘
《奇異衰敗學》帶你看:百年企業為何從頂峰到解體?|全新一本 EP11
奇異這間百年企業的市值從 5000 億美元的巔峰,掉落至如今的 900 億美金。奇異公司可說是 20 世紀的管理典範,為何最終成了 21 世紀的失敗教案? 本集〈全新一本〉我們挑選了《奇異衰敗學:百年企業為何從頂峰到解體?》這本書,內容特別適合所有企業經營者、創業家、企業二代和專業經理人聆聽。 《華爾街日報》記者出身的兩名作者:Thomas Gryta、Ted Mann 在本書中有如司馬遷一般,如實紀錄奇異公司 20 年間的所有軌跡,不多妄加評斷與解釋,讀者可從這些蛛絲馬跡中,找出奇異帝國從鼎盛時期走向衰敗的所有可能因素。 〈全新一週〉主持人戴季全在本集節目中,為聽眾歸結出奇異企業衰敗的三個主要原因,並且推薦你:搭配〈我生命中的一段歷險〉——迪士尼執行長羅伯特‧艾格的自傳——一起閱讀,將能帶給你截然不同且視角更為多元的領導管理經驗。 ➢ TechOrange《2023 趨勢觀察報告》協助你在今年做出更精準、正確的決策! 點我下載:https://reurl.cc/lZ6Mel ➢ 《奇異衰敗學》已在博客來等各大通路上架,了解更多書本資訊請見連結: https://reurl.cc/qZeXLn *節目通知:《全新一週》過年期間將暫停更新,預祝所有聽眾新年快樂、前兔似錦、大展鴻兔! -- Hosting provided by SoundOn
2023-01-15
16 min
Söndagsskolan
FÖRLÅTELSE
"Lär dig livets stora gåta, älska, glömma och förlåta". Idag står FÖRLÅTELSE på fahordningen - men vad innebär det att förlåta? Vem kan förlåta? Kan man förlåta allt? Är den som förlåter kärleksfull eller är förlåtelse bara ett uttryck för bristande självrespekt? Kan man förlåta sig själv? Frågorna är som vanligt många - vi ger er svaren! Bered er på Fay Weldon. bitterhet, skuld, skam och kränkningar, Thomas Vinterberg och Ian McEwan i en mustig gryta. PLUS: Irritatio...
2022-08-07
1h 03
Oxide and Friends
Engineering Culture
Oxide and Friends Twitter Space: February 21st, 2022Engineering CultureWe’ve been holding a Twitter Space weekly on Mondays at 5p for about an hour. Even though it’s not (yet?) a feature of Twitter Spaces, we have been recording them all; here is the recording for our Twitter Space for February 21st, 2022.In addition to Bryan Cantrill and Adam Leventhal, speakers on February 21st included Tom Lyon, Tom Killalea, Ian, Antranig Vartanian, Matt Campbell, Simeon Miteff, Matt Ranney and Aaron Hartwig. (Did we miss your name and/or get it wron...
2022-02-22
1h 44
Real Talk: The Charles Mizrahi Show
The Fall of General Electric — Thomas Gryta
Subscribe to Charles' Alpha Investor newsletter today: https://pro.banyanhill.com/m/2054150It 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)Succes...
2022-01-25
58 min
Upon Arrival | Events & Incentives with Adelaine Ng
Ep 54: Why this year is harder than last year and what's working now with Georgie Stayches
When the only constant thing is sudden change, are your event plans ready to adapt and change course quickly? In this anniversary episode, Georgie Stayches shares tips on how the events industry can navigate uncertain times, as well as managing our emotions when demands are being placed on our mental health in unprecedented ways. Georgie Stayches is the Founder and Chief Engagement Officer of Fetching Events & Communications, an agency specializing in event management, communication, and volunteer management. An industry expert with over 20 years of experience, she is passionate about events and communications that make an impact on...
2021-09-30
47 min
Money For the Rest of Us
Why Are There So Many Shortages?
What is causing the shortage of goods and workers? What should we do about it?Topics covered include:How a tree pandemic killed billions of American Chestnut treesHow a massive increase in demand has crippled the global supply, leading to an eight-fold increase in shipping costsWhy there are so many job openings and people quitting their jobsWhy the free market doesn't work as well for child daycareHow stimulus payments during the pandemic reduced poverty ratesWhat is the lying flat movementHow everything is in place for an extended period of high inflation even though the bond market...
2021-09-22
21 min
Lead From the Heart
Tom Gryta & Ted Mann: The Leadership Failures Of Two CEOs Who Steered GE Into Its Tragic Fall
Microsoft founder Bill Gates recently said that every leader in the world must read “Lights Out: Pride, Delusion and the Fall of General Electric.” Written by two masterful Wall Street Journal reporters, Tom Gryta and Ted Mann, it’s an astonishingly true tale of how GE went from being one of the world’s sustainably great companies to nearly going under due to stunning failures of leadership at the top of the organization. As Gates himself wrote in a blog about the book, “General Electric is a mythical corporation.” It was founded in 1892, by innovator Thomas Edison & financier J.P...
2021-09-03
57 min
The Ricochet Podcast
We Bring Good Things to Life
We’re rollin’ in the dough this week with a double dip of interesting business talk. First up are Thomas Gryta and Ted Mann of The Wall Street Journal who look at the rise and fall of one of America’s iconic companies. In Lights Out: Pride, Delusion, and the Fall of General Electric, Gryta and Mann lay out the consequences that came from believing in the mythology GE created for itself. Source
2021-06-25
1h 00
Sunday Book Review
June 20, 2021, the Bills Gates List edition
In today’s edition of Sunday Book Review: Lights Out: Pride, Delusion, and the Fall of General Electric— Thomas Gryta and Ted Mann Under a White Sky: The Nature of the Future— Elizabeth Kolbert A Promised Land— Barack Obama The Overstory— Richard Powers An Elegant Defense: The Extraordinary New Science of the Immune System: A Tale in Four Lives— Matt Richtel Learn more about your ad choices. Visit megaphone.fm/adchoices
2021-06-20
05 min
Unlock A Full Audiobook That Is Simply Award-Winning.
Lights Out by Thomas Gryta, Ted Mann
Please visithttps://thebookvoice.com/podcasts/2/audible/153761to listen full audiobooks. Title: Lights Out Author: Thomas Gryta, Ted Mann Narrator: James Edward Thomas Format: mp3 Length: 13 hrs and 38 mins Release date: 07-21-20 Ratings: 4.5 out of 5 stars, 364 ratings Genres: Economic History Publisher's Summary: 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. GE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. And after two decades of...
2020-07-21
1h 38
DJ 50 Spänn
#116 UTFLYKTEN: LUGNA FAVORITER
För ditt välmående har jag hällt ner några skopor new age i en gryta, spätt på med ambient-kompatibla musiksjok och duttat i en gnutta andlig hästsvansjazz och några nypor pop i pyjamas. Låter fint, va? Men vänta, det finns mer! Några fina bitar från en privatpressad yoga-platta, lite horoskop och andra variationer av mysigt prat från skrapiga loppisfynd. För texturens skull garnerade jag med ljudeffekter från exempelvis BBC Radiophonic Workshop och så hivade jag i klipp från några mer aparta skivor som ändå låg inom armläng...
2019-04-05
1h 24