Book Review: “Lights Out: Pride, Delusion, And The Fall Of General Electric”

“Lights out” is a recently published book that covers the downfall of General Electric, which was in 2000 the world’s most valuable company with a market cap north of 500 bn USD and a proud history going back to Thomas Edison.Q3 2020 hedge fund letters, conferences and moreLights Out: Pride, Delusion, and the Fall of General Electric by Thomas Gryta, Ted MannJeffrey Immelt’s leadershipTo the outside, the company led by “Neutron Jack” Welch looked unstoppable. With its famous management systems (Six Sigma and others) the company became a huge conglomerate, spanning business from their tradition…

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HEDGE accordingly