
Power Failure
- Author William D. Cohan
- Narrator Eric Martin
- Publisher Penguin Books Ltd
- Publish Date 15 November 2022
- Run Time 1 day, 4 hours and 17 minutes
- Format Audio
- Genre Capitalism, Economic history, Energy industries and utilities, History of specific companies / corporate history, Manufacturing industries.
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What to expect
Brought to you by Penguin.
A magisterial history of the astounding rise - and unimaginable fall - of America's most iconic corporation
Perhaps no company reflects American ingenuity, innovation, and industrial fortunes as well as the iconic General Electric Company. Producing storied leaders and almost every product imaginable, GE built a cult of leadership success that hid cracks in its foundation. In this masterful history, William D. Cohan, one of America's most eminent financial journalists, argues that GE's legacy is both a paragon and a cautionary tale through which to understand American business.
Power Failure limns the eventful 130-year history of GE, bringing fresh analysis drawn from rare interviews with key figures of the company's golden era, including Jack Welch himself.
As Cohan recounts, Welch traded on a sterling legacy to make GE the most valuable company in the world, while cloaking its vulnerabilities. What he handed to his successor Jeffrey Immelt was, Cohan argues, both an impossible standard and a more troubled reality.
Tracing the company's leaps and stumbles through the personalities that defined it, Power Failure offers a surprising retelling of the GE story, puncturing the myth we know for a fresh look at its legacy - and what it tells us about the state of business in America.
© William D. Cohan 2022 (P) Penguin Audio 2022
Critics Review
This hubris-to-nemesis story… must count as one of the greatest dramas in business history… William D Cohan captures that drama exceptionally well… a gripping read…. a tour de force
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