The Fall of General Electric — Thomas Gryta
Play • 58 min

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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